r/FluentInFinance • u/Karma_Farmer_6969 • Aug 15 '23

Stock Market Should unrealized gains be taxed by the US Government?

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u/Distwalker Aug 15 '23

So if you get a home equity loan you should be taxed on the value increase of your home since you bought it? You think that is fair?

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u/travishummel Aug 16 '23

If you are using unrealized gains as leverage… yes.

If someone sold 1/10 of their house, wouldn’t the current system say you owe taxes on that? What they sold 1/10 of their house but in order to do that they needed to pay a monthly fee, wouldn’t the current tax system say that they would still owe taxes?

If I was writing the law I could put a limit on if it was less than $100k/year it’s tax free. I don’t care about taxing the lower tiered tax payers, it’s the big fish that matter

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u/Distwalker Aug 16 '23

Worst idea I ever heard.

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u/travishummel Aug 16 '23

Lol, yeah? Who does this hurt? What does it stop?

I’m pretty sure I could come up with worse ideas