ST Alpha - "WAP? Biden to propose 20% minimum tax on realized and unrealized capital gains for individuals worth more than $100m -- (link*)" (Reading a Post)

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WAP? Biden to propose 20% minimum tax on realized and unrealized capital gains for individuals worth more than $100m -- (link*)

Posted by znufrii Mar 28 '22, 09:19

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Assuming I’m reading this right. (www.theguardian.com)

Responses:

The unrealized part I'm not sure on.... -- nm - ty97 Mar 28, 09:27 13
- I'm sure I'm a no on that. -- nm - Baruno Mar 28, 09:47
- Same. Might have to make them "realized" in order to pay the tax when they were unrealized? This is an ultrarich problem but - zunk xometimes Mar 28, 09:37 6
  - And that’ll tank the markets…you can’t drop tens of millions of shares without harming the stock price - Will Hunting Mar 28, 09:48 3
    - You can avoid that by only considering year-over-year changes in unrealized gains. -- nm - znufrii Mar 28, 09:52 2
      - So Musk owes 30bil instead of 40. - Will Hunting Mar 28, 09:54 1
        
        As long as I get $99,999,999 of it, I'm good. -- nm - Todd Manning Mar 28, 10:01
  - I’m imagining any payments would need to be available as a credit against future gains to avoid double taxation. -- (edited) - znufrii Mar 28, 09:43 1
    - Fwiw, here’s what I came up with last year. -- (link) - znufrii Mar 28, 09:49
- Yea unrealized as well but it would be able to paid over a period of time (5 or 9 years depending on type) -- nm - spamlet Mar 28, 09:36 3
  - do you get a refund if the stock tanks? Not everything goes up all the time -- nm - Beaker Mar 28, 09:36 2
    - There are ways to structure it so that wouldn’t be necessary, I think. -- nm - znufrii Mar 28, 09:45
    - I doubt it was considered because it’s going nowhere. - spamlet Mar 28, 09:38
- WaPo -- (link) - znufrii Mar 28, 09:31
Will also propose new rules for corporate stock buybacks, restricting executives from selling shares. - znufrii Mar 28, 09:23
Yeah! Taxes, b****! Fund those schools! - Beryllium Mar 28, 09:21

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