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A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by dpoochieni on Tuesday August 18, 2020 @02:03PM (#24201993)
Ooof that sounds like a big loophole. What would prevent me from establishing a new entity (I the inheritor, control), having it buy assets from the old one for pennies on the dollar and then sell the old entity for a nominal amount?
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Re:Modeling a Wealth Tax by gnopgnip on Tuesday August 18, 2020 @07:30PM (#24205556)
The tax is assessed based on what you own each year, not only on the final "sale" amount
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