Janet Yellen made some noise earlier this week about a possible unrealized capital gains tax. To the uninitiated, a capital gain is made whenever a good is sold and the difference between the cost basis and the sell price is the capital gain. This is generally for assets that are held for over a year and it’s taxed at 15% or 20%. An unrealized capital gains tax is essentially a wealth tax.
Taxes are Revenue Theater. Bitcoin Tech Talk #260
Taxes are Revenue Theater. Bitcoin Tech Talk…
Taxes are Revenue Theater. Bitcoin Tech Talk #260
Janet Yellen made some noise earlier this week about a possible unrealized capital gains tax. To the uninitiated, a capital gain is made whenever a good is sold and the difference between the cost basis and the sell price is the capital gain. This is generally for assets that are held for over a year and it’s taxed at 15% or 20%. An unrealized capital gains tax is essentially a wealth tax.