Is the juice worth the squeeze?

Reader comment on: Vermont Weighs Wealth Tax on Unrealized Capital Gains

Submitted by ANDREW TERHUNE (United States), Jan 24, 2024 17:19

An unrealized gains tax is merely shifting forward the date when the tax will be collected. By collecting the taxes on capital gains piecemeal over time, the states also forfeit the chance to tax them in the future when the assets are sold.
And, what of losses? Assets aren't guaranteed to appreciate. Can unrealized gains be offset with losses, realized or not?
This is really just a way for today's pols to get their hands on future revenue today and leave succeeding generations holding the bag.

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Title By Date
Prepare for tax refunds [54 words]Noam NJan 24, 2024 17:23
⇒ Is the juice worth the squeeze? [86 words]ANDREW TERHUNEJan 24, 2024 17:19

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