[sokoloff]

Can you choose year by year? I’d think most years 37.5bps on assets would be way cheaper than capital gains, but in a down year, you might choose to pay capital gains. (Or you could “bunch” realized gains into every other or every third year and take the wealth tax option only that year.)

[ptr]

It’s a special kind of account, you can sell everything and withdraw the proceeds, then buy new assets outside that account. So you can choose, but not retroactively (unfortunately!)