2024-01-07 03:11:25
By their very definition, unrealized gains are not income. They have not been realized. Once they are sold, then taxes are paid. [Link][Link][Link] The Balance: Understanding Unrealized Gains and Losses [Link] NEEDS_MORE_RATINGS(82-2-3) Author
2024-01-07 03:50:29
The Sixteenth Amendment does not apply to this tax because unrealized capital gains are neither “incomes” nor “derived” within the original meaning of the Sixteenth Amendment. The tax is accordingly unconstitutional.Sep 6, 2023 Supreme Court of the United States [Link] › DocketPDF NEEDS_MORE_RATINGS(35-5-6) Author
2024-01-07 17:16:49
NNN Whether unrealized gains are income pursuant the 16th Amendment is an unsettled legal matter. There is currently a case before SCOTUS (Moore v. US) that was argued on December 6 that litigates this very legal question. Until ruled upon, this is an opinion of the author. [Link] NEEDS_MORE_RATINGS(3-1-10) Author
2024-01-07 22:21:23
Unrealized gains are not income or earnings, can not be spent, and are not guaranteed until they are realized, at which point they are taxed. Taxing unrealized gains is a widely discredited concept that many tax experts believe would be both impractical and ineffective. [Link][Link][Link] NEEDS_MORE_RATINGS(161-8-23) Author
2024-01-08 12:41:50
“In terms of economic theory, "income" is how much consumption you could consume in a period w/o reducing your capital stock. So a capital gain is indeed income, whether realized or not.” From: [Link] NEEDS_MORE_RATINGS(1-0-6) Author
2024-01-09 06:46:20
Unrealized gains are an example of economic income, and thus income. [Link] Whether to tax unrealized gains remains an ongoing policy debate, with the US Supreme Court even taking up the question of whether it would be constitutional, in a case that remains undecided. [Link][Link] NNN. NEEDS_MORE_RATINGS(0-0-1) Author