Subject: Re: Biden's billionaire tax rate fact checked
It doesn't seem "fair" to not tax unrealized gains, but I think taxing them might create more problems than it solves.

All the more reason to NOT try to tax gains while they reamain UNREALIZED but impose taxes on REALIZED gains without the "discounted tax rate" of 15% on capital gains (20% above $518,900). It could be argued that some differential tax rate between "short term" and "long term" gains might help discourage day-trading that goes far beyond what's required to provide liquidity and price transparency. I might argue even one year is too short a period to be considered "long term." Maybe two or three.


WTH