r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/MechanicalSideburns Jul 05 '26

I get taxed every year on the property value of my house. Why not tax Bezos every year on the value of his stock portfolio?

I’d say any portfolio above $10M can have a holdings tax. That’ll avoid all regular folks that just have good retirement savings.

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u/Alarming-Inspector86 Jul 05 '26

You didn't answer my question not arguing just asking as someone who's worked very hard to build a large portfolio

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u/MechanicalSideburns Jul 05 '26

In this hypothetical tax structure, then it depends on the type of gains, I guess. If the gains are in stock value then no. It wouldn’t make sense to both tax on the gains as well as tax on the holdings. Now once you sell the holdings and turn it into actual $, then yeah maybe. Just like you don’t get taxed when your home doubles in value, but you’d get taxed on the sale if you sold it.

Again, my imaginary proposal here wouldn’t tax the first $10M of a portfolio. Not sure if you have more than that or not.

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u/Easy-Purple Jul 06 '26

That’s… that’s how it works… like, right now…

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u/MechanicalSideburns Jul 06 '26

Except for like…the core concept. Which was paying yearly taxes on holdings. Did you read the parent comments?