America’s rich never sell their assets. How should they be taxed?
It is tempting to tax them during their lives. It is wiser to do so after their deaths
Editor’s note (June 20th 2024): The Supreme Court has ruled in Moore v United States, upholding the tax at issue (the “mandatory repatriation tax”). The court declined to weigh in on the constitutionality of a tax on unrealised gains.
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This article appeared in the Finance & economics section of the print edition under the headline “Sweet gains, bro”
Finance & economics June 22nd 2024
- Why house prices are surging once again
- How bad could things get in France?
- Europe faces an unusual problem: ultra-cheap energy
- Indian state capitalism looks to be in trouble
- America’s rich never sell their assets. How should they be taxed?
- Think Nvidia looks dear? American shares could get pricier still
- Is America approaching peak tip?
From the June 22nd 2024 edition
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