[ComputerGuy]

What happens if your assets lose value? Bingo! A refund from the state.

[bert]

Oh no..... the state has no funds nor reserve for such negative tax on capital losses.

What will happen is that in filing a capital loss, a credit is given against future gains. Upon death, the account is closed and there are no benefits to the estate.

[arthurus]

Refunds would never happen. If your “assets” rise and fall annually you pay in the good years and don’t pay in the bad years but you get nothing back.

[deport]

What happens if your assets lose value? Bingo!
A refund from the state.

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LOL.... Yep, let the gov’t rule in all things.