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Re:$900k Median Package for Engineers at OpenAI by lotsofpulp on Saturday June 24, 2023 @07:06PM (#36463492)
Capital gains taxes do not require any appraisal. They only apply when a gain is recognized, so is simply sale price minus purchase price times tax rate.

Capital gains taxes are income taxes. Property/wealth taxes are taxes paid based on the “market” price of an asset just for owning it (presumably society provides for its security and environment in which it became valuable and will continue to be valuable).

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