Quote:
Originally Posted by TBobLP
Tax collateralized loans imo. Btw that article makes a mockery of whether people would get money back if their positions suffered a loss, but yeah...that's exactly what would happen. Weird article
Quote:
Originally Posted by filthyvermin
or I guess maybe it could work ok if you tax unrealized gains, but then give people money back if/when they suffer losses? idk, seems complicated and stupid
Uhh, not much chance imo that they'd give it back when losses are suffered. That would create crazy swings in tax revenue.
Exhibit A for why I think that: You're already taxed on all capital gains but you're limited to claiming $3,000 per year of net capital losses.
Filthy is right, taxing unrealized gains is a remarkably terrible idea.