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But, assuming above is implemented, isn't the IPO, whether cashed out or loaned against, what creates/created the lion's share of their wealth that would get taxed?
Certainly a steeply upward sliding scale of margin tax rates is needed as part and parcel of any taxation.
Sooner or later any kept private holdings have to be either sold or inherited and at that time taxed.
Private asset valuation is always a challenge, one of the reasons for needing more IRS auditors...
Grassroots Joe
npub1u4…m9ql5
2026-05-31 21:46:20 UTC
in reply to nevent1q…uyvs
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