if you are worried about being able to afford the taxes on your assets then you just plain arent rich enough for it to apply to you, dont worry you are safe
This is almost certainly untrue. The issues is that at any asset level, the tax itself can force a sale, which forces realization of gains. Whether that is on-balance more than the value realized is another question, but it definitely could force a sale at any asset level depending entirely on the ratio of your liquid to non-liquid assets.
So, in effect, the question is, should the government use tax as a club to force you to sell assets? Does this have any benefit for the economy/society?
tristor|1 year ago
So, in effect, the question is, should the government use tax as a club to force you to sell assets? Does this have any benefit for the economy/society?
itsdrewmiller|1 year ago