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(56,267 posts)

2. That is an inherent problem of a comprehensive wealth tax

Reply to Dawson Leery (Original post)

Thu Jun 10, 2021, 01:28 PM

Jun 2021

Some forms of wealth are easier to hide or to disguise their true value.

But a wealth tax may not be comprehensive and may tax only things like liquid stocks and bonds and maybe real estate. Real estate taxes are quite common even though there are problems assessing market value.

But yeah, a wealth tax would lead to some evasion by rich people shifting stocks to art and such.

No solution is perfect.

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A question on the wealth tax. [View all] Dawson Leery Jun 2021 OP

In order to pass through inheritance, assets have to go through probate, a judicial proceeding StarfishSaver Jun 2021 #1

So until Bezos dies ... Xoan Jun 2021 #3

There are some proposals to tax wealth on an annual basis. unblock Jun 2021 #4

If a parent gives 10 gold bars to each child without declaring it in their will/trust, Dawson Leery Jun 2021 #5

True StarfishSaver Jun 2021 #7

The government sees those assets. Dawson Leery Jun 2021 #15

Gifts of up to $15,000 per year are not taxed at all csziggy Jun 2021 #16

That is an inherent problem of a comprehensive wealth tax unblock Jun 2021 #2

That is my opposition to the tax. Dawson Leery Jun 2021 #6

You oppose the inhertance tax because some forms of inheritance can be hidden? StarfishSaver Jun 2021 #10

While we're at it, let's ban divorce because some spouses hide wealth unblock Jun 2021 #12

Having the IRS search through homes will raise constitutional issues Dawson Leery Jun 2021 #14

Yet millions manage well enough with real estate taxes unblock Jun 2021 #11

If the federal government is serious about getting the wealthy to pay their fair share of taxes... Blanks Jun 2021 #8

Abatements cause so many problems -- property tax not the solution JT45242 Jun 2021 #9

We would need to have ALOT more audits fescuerescue Jun 2021 #13