Unrealized Capital Gains tax

[CRLLS]

Yes. A stable society probably cannot exist without it.

But here is my hot button: When the politicians, particularly on the left, start screeching about the rich not paying "their fair share," they never say what this "fair share" might be. What they really mean, always, is simply: "more than we're taking now."

Approximately 44.4% of Americans are not paying any federal income tax in 2018, I can only imagine that the majority of those 44.4% think it must come from somewhere else. According to Bloomberg, the top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016. Evidently they are not paying their fair share (as determined by the 44.4%). "Let's tax them more." he said sarcastically. There is definitely something wrong with the current formula. I really don't know how we get out of this dilemma.

 

[GrayHare]

High wealth people are more likely to hold till they die and avoid capital gains tax entirely.

That tax revenue loss is recaptured by the estate tax.

 

[MichaelB]

Thanks for an interesting disucssion
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