[DHT]Osiris
Lifer
- Dec 15, 2015
- 15,360
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How about all liquid assets beyond say $100M, tied to inflation, gets taxed 100%. So doesn't matter if you've got billions in stock, if you sell them they go poof. Also permits the tinydicks to keep buying their toys.Taxing assets is a tough nut. As it stands they're taxed when liquated, which seems like a logical way of doing things.
If Musk paid a wealth tax on his Tesla stock and the company went down the crapper would he get a refund? He never actually had the money that asset was worth, so why would he owe a tax on it? Until the stock is sold the value is whatever the market decides it is.
Oh, and nothing beyond that limit can be passed to another in the form of inheritance.
