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Reply to "Bill proposed to crack down on backdoor roth (and other loopholes) "
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[quote=Anonymous][quote=Anonymous]Biden was just live talking about how he supports taxing unrealized gains. I guess this is their whole plan laid out. Eliminate tax advantaged accounts and then tax any unrealized earnings so there is nowhere left to accrue wealth.[/quote] It would only be taxing the unrealized gains of billionaires. Biden threw his support for it and Wyden has been working on it for a few years. But who knows if such a "wealth tax" would even be constitutional. It's a concept I support in theory, but the practicalities seem sort of crazy: https://www.wsj.com/articles/biden-expresses-support-forannual-tax-on-billionaires-unrealized-gains-11632498487[/quote]
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