They shouldn't be taxed because they're just that, unrealized. They may be worth next to nothing one day. If you use them as collateral, you're still on the hook for the value you originally took out the loan for, regardless of the loss of the investment.
this post was submitted on 19 Sep 2024
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Serious question - who here is in favor of taxing unrealized gains and has more than $20k in personal investments? (Outside of retirement/401k or other tax advantaged accounts)
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You keep using that word, but I am not sure that you know what it means.