Comment on Senate Democrats unveil a plan for a new tax on billionairesparentComments−Someone12344yI agree, except the confusing "instead of." You can do both.−whatshisface4yTaxing asset growth would encourage business people to do all of their valuations "under the table" and never go public, to defer asset growth taxes. Valuations would become a tax accounting fiction.
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I agree, except the confusing "instead of." You can do both.
Taxing asset growth would encourage business people to do all of their valuations "under the table" and never go public, to defer asset growth taxes. Valuations would become a tax accounting fiction.