re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains

quote:

---

If you borrow a significant amount of money using stocks or real estate as collateral, it could be argued that you've partially "realized" the gain by accessing some of the value without selling the asset. A portion (all?) of the loan proceeds could be considered taxable income.

---

Apply this same logic to a new Resident Doctor who gets really favorable loan terms from a bank based on their future income potential. Are they also creating a taxable event because they borrowed against an “asset” of potential future earnings?

The slope is too slippery if you give an inch taxing this crap.