• Cryophilia@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    5 months ago

    Explain then. Would you have to calculate your equivalent net worth throughout the year and pay monthly taxes on it?

    I’m not saying it’s impossible, I’m saying it’s very difficult.

    • Wrench@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      5 months ago

      Yearly would be fine, but it could be done quarterly to. The capital gains tax on stock profits is already done quarterly.

      • Cryophilia@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        5 months ago

        You know what, I’ve thought about it some more and you have a point. Securities valuation could be averaged out over a period of time and then treated as cash reserves for taxation purposes. That’s actually not as difficult as I thought it might be. Minor additional burden on investment firms.