“Given that capital losses are limited to $3,000 against ordinary income and the rule would only apply to those with more than $100,000,000 of income, I’m not sure write-offs for unrealized capital gains would help much there. You’d simply have taxes if [an asset] is up and not if it’s not,” Kitces said.
“We probably will have a wealth tax,” House Speaker Nancy Pelosi confirmed to CNN on Sunday. Pelosi also confirmed that the tax plan could be introduced early this week.
“I think we’re pretty much there,” Pelosi said of the package, adding that some “last decisions” still need to be finalized.