[sct202]

Exactly! A huge portion of the middle class's wealth is tied up in property equity that is taxed every year. The ultra wealthy's wealth is primarily in business ownership or equity which is only taxed on gains when it's sold.

[jshaqaw]

Sort of. While there are far too many complex exceptions and loopholes, a non pass through entity pays corporate tax on earnings. The tax on capital gains is a second tax on the same earnings.

[xienze]

> primarily in business ownership

Businesses which employ people and pay a whole host of taxes every year...

> or equity which is only taxed on gains when it's sold.

How would it be fair to tax someone on an asset that only has a theoretical value, which isn’t realized until it’s actually sold?

[SkyBelow]

For the latter, the option would be to allow the person to sell at that amount. Thus if the government over estimated the worth you are capable of selling. This works far better with large businesses than homes due to the impact of emotional value.

[pseudalopex]

RSUs and options are already taxed.

[throwno]

>The ultra wealthy's wealth is primarily in business ownership or equity which is only taxed on gains when it's sold.

So for the rich to unlock their wealth and make it usable they have to pay a tax? Well, let's tax it again, why not? And as for property already be taxed? Why not have two taxes? The more taxes the better. The war with Iran isn't going to pay for itself.