​Unreal(ized) Gains Tax: An Economic Earthquake In The Making – Tyler Durden

Unreal(ized) Gains Tax: An Economic Earthquake In The Making Authored by Peter C. Earle via TheDailyEconomy.com, Fiscal Year 2025 Budget of the United States includes a proposal to tax unrealized capital gains: a new, dark turn in the annals of the history of US government revenue collection. Only one of several tax increases sought, it is a terrifyingly consequential one. It could potentially send massive distortions rippling through the US economy, destroy businesses, fundamentally alter how firms operate, drive capital offshore, discourage investment, and immeasurably reshape the American business landscape. At its core, requiring taxes to be paid on unsold financial assets, ownership…  — Continue at ZeroHedge News : Read More