Re:America's billionaires pay an average income tax rate of ...
by dionidium on Friday September 24, 2021 @08:36AM
(#28641509)
Yes, as I said in another comment, I think people are just getting caught up on the article's use of the word, "income," which was indeed well-poisoning from the start. Obviously it’s not income in the ordinary sense and it’s not taxed like income.
Which is not same as taxing the unrealized gain. Property tax is a wealth tax and not any kind of income (or gain) tax.