Comment by wiseowise
They are. Look at the Netherlands, they want to implement taxes on unrealized gains.
They are. Look at the Netherlands, they want to implement taxes on unrealized gains.
Couldn’t it just as easily be equivalent to saying “you grew this year, so contribute some money back to society for enabling you to have the educated hiring base/financial infrastructure/physical infrastructure that enabled you to grow”?
Like, sure, you don’t owe growth taxes for a quarter when you didn’t grow. But why should you be refunded just because prior taxable growth isn’t denominated in money in a bank account?
> you grew this year, so contribute some money back to society for enabling you to have the educated hiring base/financial infrastructure/physical infrastructure that enabled you to grow
Apparently paying for gas, water, electricity, property taxes, taxes on everything you buy isn’t enough, now you have to “contribute for enabling”. What’s next? Pay because they “enable you to breathe”?
The system that exists in Germany has you pay 25% Abgeltungssteuer even on unrealized gains but those taxes can be deducted when you sell. Only in the event you sell at net loss do you not get that back.
States are in dire need of liquidity. Just look at global debt.
That's not a punishment.