(10-27-2021, 04:08 PM)flsprtsgod Wrote:

(10-27-2021, 04:01 PM)KingIngram052787 Wrote: The only way, at least for stocks, that it could potentially make any sense (and it would still almost make no sense), is if you get tax deduction on the unrealized losses.  

They're also only pushing this on billionaires and I thought I saw recently people who have made at least $100M the last 3 years.  So, for the majority of us it won't matter.  However, I imagine it would have a devastating impact to the markets.

Lol, just wait until they start talking about all those unrealized gains in those IRAs just sitting there waiting to be milked.

I think the idea to cap the value of an IRA has more merit.  Once your IRA is over a few million dollars you should have to roll some of it into an account that isn't sheltered.  There are people with over a billion dollars in their IRAs and that's just ridiculous and corrupt.   Not saying the government should confiscate all that, but I am saying above a certain value it should become taxable.

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