(10-27-2021, 02:06 PM)NewJagsCity Wrote: Since this is now being proposed, and a number of posters on the board seem to have a background in acct/finance, it would be interesting to hear some input.  On the surface, this sounds shaky at best, but I'm not a financial expert.   How would this work?  What would the length of time be for the proposed increase in 'gain'?  If your 'gain' becomes a loss, would you get a tax rebate or write off?  Would this cause wild swings in tax revenue, because of under or over-valuation?  What will be the standard for valuation?  If passed for billionares, will this eventually be levied against the thousand-aires like most of us probably are?