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View Diary: Robert Reich Gets It Right (171 comments)

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  •  MP - I don't think you could find 20 members (1+ / 0-)
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    of Congress who think we should tax unrealized capital gains unless in years when stocks went south you could deduct your unrealized capital losses against earned income.  While it can certainly happen from time to time Congress tries not to tax phantom income where you have an income tax liability, but no proceeds in cash to pay it.

    The overwhelming consensus of constitutional experts is that a wealth tax would require a constitutional amendment, just like the income tax did.

    "let's talk about that"

    by VClib on Tue Nov 13, 2012 at 05:52:33 PM PST

    [ Parent ]

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