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A comment on Netflix Made Record Profits in 2020, Paid a Tax Rate of Less Than 1 Percent. Parent comment

Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by bradleyjg on Monday April 05, 2021 @10:27AM (#26699416)
A flat reduced rate after a year isn’t much of a fix to that problem. Given that we have CPI and use it in lots of other government programs it’d be easy enough to just adjust the basis for inflation (and while we are at it we can get rid of the step up basis at death.)
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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by leetcrew on Monday April 05, 2021 @10:36AM (#26699564)
my preferred solution would be to (after adjusting for inflation) calculate the annualized gain over the years the asset was held. then go back and tax it as if it were additional income in each of those years, using the historical brackets, adjusting (again?) for inflation.

unfortunately I don't write tax law. maybe I could get the tax prep companies to lobby on my behalf.

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