Post #24656 by albaby1 on the US Policy board

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OR, expedite his gifting, and pay nothing, no?

Perhaps. Presumably this type of proposal would also modify the provisions that say that appreciated assets can be gifted without triggering a requirement to pay taxes. The whole point is to address the massive fortunes that people have acquired entirely outside the tax system, so that someone who earns $X in salary (and thus has to pay taxes immediately) gets treated equally as someone who earns $X by having their shares appreciate in value (who right now doesn't have to pay taxes until they choose to realize their gains).

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