jdotarnold
@qhpodcqhpodcelwj
It effectively offers capital income an interest-free loan: if I get $1 billion in unrealized gains at a 2010 IPO and owe $250 million in taxes, I can wait a decade and still only pay $250 million, with no interest, if I just don't sell in the interim.
0 reply
0 recast
0 reaction