> Taxes once when you take the loan against it, and taxed again when you realize the profit to pay the loan.
Trivially fixed by simply letting you deduct the taxes paid when you took out the loan against the taxes owed when you actually sell.
While we're at it lets ban stock buybacks since all those are is a tax deferral scheme with utterly no other social purpose. Dividends are the correct way to distribute cash to shareholders. Full stop.
And get rid of stepped up cost basis on death - limit it to the IRS gift limit which is already ridiculously generous. Just to make it politically palatable so there are less sob stories about some "family" farm or company being force-liquidated to pay taxes.
Trivially fixed by simply letting you deduct the taxes paid when you took out the loan against the taxes owed when you actually sell.
While we're at it lets ban stock buybacks since all those are is a tax deferral scheme with utterly no other social purpose. Dividends are the correct way to distribute cash to shareholders. Full stop.
And get rid of stepped up cost basis on death - limit it to the IRS gift limit which is already ridiculously generous. Just to make it politically palatable so there are less sob stories about some "family" farm or company being force-liquidated to pay taxes.