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0 pointsphilipallstar1mo ago0 comments

But when you liquidate assets you... pay tax! Capital gains tax. So you liquidate, pay capital gains, and use the proceeds to pay a wealth tax?

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SoftTalker1mo ago· 2 in thread

In the contrived example, the 5% return was "risk free" so assume it was something like CDs, no capital gains.

CDs generate interest, which is taxed as income, higher than capital gains. Just sayin ...

Right, but you don't trigger additional taxable income by redeeming them to pay your wealth tax, unlike e.g. selling stock shares.

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