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

Submitted by Noam N (United States), Jan 24, 2024 17:23

If the state can tax unrealized gains, the taxpayer can write off unrealized losses. In certain bad market years, the state would have to write out massive checks to its wealthy citizens, exactly when presumably the state would be dealing with tax shortfalls elsewhere. That would be both terrible fiscal policy and terrible politics.

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