GameStop Highlights the Folly of Taxing Unrealized Capital Gains

GameStop Highlights the Folly of Taxing Unrealized Capital Gains
People walk past a GameStop store in New York on Feb. 2, 2021. Chung I Ho/The Epoch Times
Andrew Wilford
Updated:
Commentary

As the GameStop rollercoaster ride trundles ever onward, most are focused on the effects on retail investors and hedge funds involved. But this episode also illustrates what a mess a so-called “mark-to-market” system for taxing unrealized capital gains, as some Democrats have proposed, would be.

Andrew Wilford
Andrew Wilford
Author
Andrew Wilford is a policy analyst with the National Taxpayers Union Foundation, a nonprofit dedicated to tax policy research and education at all levels of government.
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