(03-31-2025, 10:20 AM)mikesez Wrote: Let's get back on topic. 
This is the proposal:

Quote:if an asset is used as collateral on a loan, we should treat the origination of the loan as a realization of the capital gain.  If the asset was not subject to capital gains tax before, for some other reason, it still would not be subject to capital gains tax.  Once the asset's gains are taxed this way, its cost basis would go up to today's value, so you don't get taxed on the same gain twice when you actually sell the asset, if you ever do sell it before you die.

Debate that.  Not me.