On MSDNC her rep was pushing it and got slammed. Tried to say it was just like a property tax, which is actually a use tax.
Her tax is just a means of taking your house, farm or small business when you can’t pay the tax.
And by the way it is unconstitutional.
You might be correct. It might be on stocks. If you bought Apple stock and didn’t sell it, but you still had a gain on it at the end of the year, it would be taxed as an unrealized gain. If you sold it next year and it went down in price, then you lost what you paid as unrealized gain and you also have a capital gains loss.
yes, that! It would be a disaster.