the UNREALIZED gains tax....

saving up unrealized gains....  is how the wealthy in the united states....  has AVOIDED paying taxes....   many of them....  for decades....

for example....  jeff bezos....  by....  never selling any of his amazon stock....  built up hundreds of billions in unrealized gains....  instead of selling stock....  he would borrow against his stock....  often reporting significantly lower income....  and....  in two years....  he reported no income....  in two years....   he paid NO taxes....  from two thousand six to two thousand eighteen....  he only paid one and a half percent taxes on his income....  while the rest of us....  paid twenty percent on average....  

eye WILL tax unrealized gains....  even if jeff never sells his stock....  he WILL pay taxes on the gains that he made on that stock....  

his tax rate....  will be thirty five percent of his total income (realized and unrealized)....    just like the rest of us....  

it is my estimate....  that he has avoided paying over seventy five billion in taxes throughout the years....  from nineteen ninety to today....  he has avoided paying seventy five billion dollars in taxes....  

in an average year....  he will only owe around three billion dollars in taxes....  as his average increase in wealth has been around ten billion per year....  

but....  when this new tax policy is implemented....  he will pay....  a ONE time catch up tax....  of seventy billion dollars....  so will ALL of the wealthy....  that have sheltered their gains in unrealized gains....