Re:Musk announces funding secured for Twitter buy
by eadmund on Thursday April 21, 2022 @11:31AM
(#31110788)
The thing about an unrealised gain is … that is hasn't yet been realised. It doesn't exist yet. It could (and often does) vanish like smoke later on, and become a loss. When people propose to tax unrealised gains, do they also propose to reimburse those taxes when the gains become losses? Do they intend to continue taxing realised gains?
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Re:Musk announces funding secured for Twitter buy
by bombcar on Thursday April 21, 2022 @12:10PM
(#31111340)
They usually propose some sort of mark-to-market and tax the value, but outside of markets like the stock market, and somewhat the housing market, it can be really really hard to determine the value of something.
Should the 1st tweet NFT be taxed at its last sale price? The recent failed bid price?
Re:Musk announces funding secured for Twitter buy
by Sohcahtoa82 on Thursday April 21, 2022 @12:44PM
(#31111808)
> When people propose to tax unrealised gains, do they also propose to reimburse those taxes when the gains become losses?
Did you only read the first line of my comment? I specifically said that unrealized losses should also be a tax deduction.