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Culture War Roundup for the week of August 19, 2024

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Per the policy, this is deducted from the 44% when you eventually sell the assets, so this is just requiring earlier payment, not an increase in overall tax burden, unless you were planning to die to avoid paying taxes, but that's exactly what is being fought here.

See my run through the numbers here.

If you pay off your capital gains taxes by selling your capital (and paying the taxes to pay your taxes), then you'd sell off half your stake by the time it gets ~10x the value (higher multipliers for faster growth). And you'd still have to pay 44% for the part you haven't yet sold.

In that scenario, you'd be purely better off with a 70% (realized only) capital gains tax than the 25% unrealized + 44% realized tax.

EDIT: just realized you had already responded to my comment before posting this one. My numbers are completely incompatible with your description of the "net change", so it would've been nice to have my math directly challenged rather than pointing out an exception for private companies.