Is wealth tax paid on unrealized gains? If not, these billionaires would only pa... | Hacker News

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		toomanyrichies on June 14, 2022 \| parent \| context \| favorite \| on: Coinbase lays off around 1,100 employees Is wealth tax paid on unrealized gains? If not, these billionaires would only pay the wealth tax when they liquidate their position in the company they founded. Until then, it's just paper wealth and not taxed.

cavisne on June 14, 2022 [–]

Proposed wealth taxes have been on unrealized gains.

Without doing that it’s pointless, billionaires even today never realize gains and just rotate through loans backed by their shares.

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