Birdwatch Note Rating
2024-01-09 17:32:21 UTC - HELPFUL
Rated by Participant: DFC572960FF1DDCD2356A2F981FF966BE4C02858F826FDF4EAA1F32BDD6FF0F4
Participant Details
Original Note:
Unrealized gains are an example of economic income, and thus income. https://strategiccfo.com/articles/accounting/accounting-income-vs-economic-income/#:~:text=Economic%20income%20or%20loss%20recognizes,that%20transaction%20are%20considered%20unrealized. Whether to tax unrealized gains remains an ongoing policy debate, with the US Supreme Court even taking up the question of whether it would be constitutional, in a case that remains undecided. https://americansfortaxfairness.org/ultra-wealthys-8-5-trillion-untaxed-income/ https://www.wsj.com/articles/the-supreme-court-will-finally-decide-what-income-means-tax-investment-mandatory-repatriation-e647a03f NNN.
All Note Details