Leaving unrealized capital gains out of the tax system will create inequity: Yale's Natasha Sarin 

Why are professors so unintelligent?

we need tax cuts not tax hikes. Cut govt. spending.

She's confusing "unfair" with being smart... some families are smarter than others & shouldn't be punished for being successful investors.

“Revenue” no it’s called tax. Not very popular pitching raising taxing while also raising spending. Tired of politicians, spending like drunken sailors.

And yet you keep voting blue ? It amazes me that people are convinced to vote with their heart rather than their head .

Do unrealized losses give us a tax deduction?

Start by taking away the bogus non-profit tax status of the nation's largest Universities starting with Harvard's $50 billion dollar "endowment" aka un-taxed asset management business. Have them pay their fair share and leave us be.

This is pure insanity - you do not tax unrealized capital gains - that is pure confiscation. If you tax a moving target of price, then you must be willing to be a buyer at the price you are taxing it at to create a transaction.

so tax a dead man for saving for his family's future?

What is your "fair share" of what I have earned?

only an academic would think tax on unrealized income would be a good idea

Natasha, if someone works hard and invests wisely, why does he or she have to pay taxes over and over again? Do you know how many people live of the government?

Natasha you can gladly pay more if you want, contact the treasury dept

So, she is talking about unrealized gains tax on the wealthy, who will promptly find a legion of lawyers and tax accountants to get them out of, while middle to upper middle-class families will bear the brunt of her idea. She talks a big game but in reality, she is just another one of those who want to dismantle the middle class, have a bifurcated society of those who have and those who have NOT. She will sit happily in her big budget high paid cushy teaching job and thank herself for being so enlightened. Reality is that she is either utterly clueless or evil to the core.

We have a spending problem not a revenue problem. We are still spending irresponsibly as if it is 2020 Covie. Increase Cap Gains rate and have everyone actually pay taxes.

Raising revenue means more taxes, just say it. Stop Spending!!!

No it is not unfair. It is their money. I care about all the money that our government is spending. THAT IS OUR MONEY.

The word "fair" share is very baised and open to interpretation. The taxation policy can not be ambiguous.

I'm not rich by any means, but I don't understand why this country penalizes wealthy people. They have worked hard to achieve their wealth. I can't believe she's a Yale professor!

Stop SPENDING…. Stop spending stop spending

I don’t think most people realize that when they talk about unrealized capital gains… this also means your home. They want to break home ownership in the US. They believe you are too wealthy if you have a stable place to live.

Taxing unrealized gains while offering no compensation for losses is delusional at best. Taxing on gains in a properties/assets value (that is already taxed in many cases (property wise)), will only compound the losses when those properties/assets decrease in value during a market crash/bubble collapse. Don't think for a second that these taxation ideas would not impact the average American Home owner.

Residential real estate gets reassessed every year, by most states, regardless of the fact that its an entirely unrealized gain.

the moment she said "pay their fair share" concerning corporations and the wealthy, I knew she was a card-carrying far left liberal and I stopped caring what she has to say....

Stop Spending.

Wow this lady is a professor at an Ivy League school and knows nothing about economics. She really dismisses anything related to spending and focuses on taxing people more. She needs to quit quoting the "American people" because she knows nothing about what they want.

The massive inequality we see is caused primarily because of loose monetary policy and excessive fiscal spending captured by special interests.

Didnt similar happen in Sweden during the late 1960s ? .... and most of the affluent and wealthy simply picked up and removed themselves from Sweden, never to return.

The top 1% pays over 50% of all US fed income tax while the bottom 50% pays NOTHING, 0 fed income tax. Who needs to pay their "fair" share?

Why did Yale let her go on TV? When I review resumes, a Yale degree is a negative now. They are so out of touch with reality that I seriously wonder what happened.

You can't tax your way to prosperity. We need to increase production, remove outdated and inefficient regulations, support our businesses and decrease spending. Don't make it illegal to be productive.

BRANDON has made a complete mess out of our country, he's 100% INCOMPETENT TRUMP 2024

Hard to believe this woman is a Yale employee

Capital gains tax is already 25-40%. I pay less tax on my ordinary income.

I like how she says they will "ask" businesses and the wealthy to pay more taxes. There is no "asking". The reason why you aren't taxed for unrealized gains is the same as why you aren't taxed for the value of that antique furniture in your home. They have value yet aren't taxed, yet they can also be used as collateral, just like the value of stocks. And no mention of what happens if, after you are taxed for these unrealized gains, their value goes down, and whether you would be reimbursed for the loss for something you made no money off of in the previous tax year.

How can people not put two and two together? This woman is looking at the quick fix. Takes more sight to see the solution.

Changing taxes means nothing when theres exemptions and deductions for literally everything keeping CPAs very busy. If you simplify the tax code and make it so people cant deduct literally everything youd get more revenue and reduce the bureaucratic cost to account it all.

Budget issues aren't just a "increase revenue" issue, it's as much a "decrease spending issue".

Imagine being told your policies are radically left by NBC

Someone needs an 'unrealized' dismissal notice.

25% of “real income” over a couple decades is gaining ground?!? Ha!!! Meanwhile inflation has decreased the value of our money by 39% over the past couple decades! What a schmuck!!!

They need to raise revenue to continue to extract wealth from every hard working person in this country to give to non-productive people. This is the game….extracting $$ from the tax base by rent-seeking bureaucrats.

If a person makes 100K but only spends 75K, I would contend that person contributed 25K more TO the economy than he demanded FROM the economy. Why are we taxing the measurement of contribution rather than the measure of demand? It’s backwards. Instead, tax consumption (the measure of resources you remove from the economy) via a national sales tax rather than income (the measure of what you contribute to the economy). Since the “wealthy” SPEND a lot more than the “non-wealthy” they will pay more in taxes. To make things “progressive” refund the tax paid on the first 35K of earnings per adult and 10K per dependent so that those people pay NO (or less) TAX. The only thing a “tax return” does is establish the amount of your refund. and EVERYONE gets a refund. Don’t tax saving, investing or giving. Sounds like a SIMPLE “progressive” tax system with no complication (endless rules and forms) and no invasion (audits.) However, it would put any entire industry (based on our current tax system) out of business.

I have a good idea... shrink the government to exist within the present tax base. No more taxes, no more currency debasement, period. It's called a balanced budget. No country ever taxed itself into prosperity.

Yes, Ma'am, the tax system is a source of inequity, since the bottom 47% pay no taxes at all.

1. The Federal Reserve adds an average of 8 to 10% to our monetary supply every year. This funds the federal government where tax revenue falls short due to excessive government spending. 2. With more money in circulation, the currency loses value. This is the root cause of inflation. 3. Prices rise as a result of inflation. It takes more currency to pay for the same goods and services. 4. The proposal now is to tax the price increases, referring to it as "unrealized capital gain". 5. $100 million today, $100 thousand tomorrow.

So I guess no one heard how someone owes 30billion in taxes today and not paying them (I WOULD BE IN JAIL AND YOU TOO)

Whats fair is when unrealized gains are taxed; but unrealized loss are reimbursed.

You can’t let assets pass down forever without being taxed for generation after generation but random interval taxing is nuts.

If people are finding “loopholes” to not pay taxes. Shouldn’t you, perhaps, figure out that people don’t want to pay taxes? Then the question becomes, how do you reduce taxes, which is the will of the people?

If you want to figure out how to raise revenue how about stopping all these foreign donations to Ukraine, China and the middle east, cut the size of big government (way too much bureaucracy and red tape any way) and start bringing back jobs and manufacturing to the USA. Why punish working people who are investing for building generational wealth?

We need to cut spending. That said, the easy fix would be to tax the proceeds of a loan when the unrealized gains are used as collateral.

“Pay their fair share” while the bottom 50% don’t pay any taxes at all after their deductions.

Socialism. This is why trump will win.

Taxing unrealised gains will completely destroy the economy

Corporations don't pay taxes they just add it to their products price. Going from 21 to 28 percent will cost consumers money.

This would cause us to be homeless. The very rich will know how to use deductibles to not pay this tax, ergo, they will have to lower the bar. It will wipe out senior citizens living in the homes they built over a life time. This will wipe out the middle class.

Just dont let people borrow against unrealized gains. That is the loophole that needs to be closed so people actually pay the taxes they should

If you let us treat unrealized losses the same way as gains with the same progressive rate, then it’s a fair game. Not the 3K we get to deduct now

Actually, we need to figure out a way to reduce spending, not creating new taxes.

why don't they just make it illegal to use unrealized cap gains as collateral? Want money? You have to sell.

So does it mean I can bill the government for my unrealized losses?? Thank God she is a former employee in the treasury.

I have accumulated about $1.5m in the stock market, but I only make $100k per year, and with inflation it’s difficult to save, as I have a family. I got there by continuously putting away since my early 20s, so I’m not rich my any means. If they started amazing my unrealized gains, I would not be able to afford the taxes. I would have to pull my money out of the stock market and I would stop investing. I’d probably spend all of my money in time for retirement and just go on public assistance.

She would only demonstrate common sense if she was to say cut government spending, cut the government bureaucracy, and stop over spending. But no one equates common sense with communism.

USA is low tax because we all pay for everything ourselves, our taxes do not come back to help e,g. Health insurance, travel, heating cooling ….

Unrealized gains are not realized…she is a fool

n 2023, the US spent $66 billion on foreign aid, which is more than the next two biggest donors combined. She said we are not bringing in enough taxes, but we are giving away more than any other country. It sounds like we have a spending problem?💸💸💸

The federal government always had a revenue problem. You keep taxing and creating new taxes but never solve the revenue problem. The federal government needs to reduce their budgets and eliminate programs that do nothing for the American People. $3T over 10 years. Thats $300B /year. This claim is meaningless. That $3T is wiped out over increased spending for the next 10 yers. Your still in a deficit, but it just deeper.

Sarin is Soros' niece

they need more money to send to other countries

The second they pass an unrealized capital gains tax everyone will dump their stocks and the market will crash. Then will come the housing market crash when everyone sells their home to avoid paying this tax. You are talking about something worse than the great depression!

the tax would ONLY BE ON $ ASSESTS NOT PROPERTY AND ONLY ON THOSE WITH OVER 100 MILLION $$$ IN ASSETS.

It's very simple. Don't allow people to take out loans against their equities without paying tax on the current profit on that equity and roll back all of the Trump tax cuts on real estate. Then revisit the other taxes that relate to these like the setp up in basis for things that add no value to society. You can't tax unrealized gains because it is too hard to do. But you can get rid of the obscenely beneficial tax programs for those who want to take advantage of asset price changes over time and low interest rates.

Why this won't work. Big money, meaning rich people have the ability to move the stock market. If you tax unrealized gains. What will happen is that most of them don't want to pay those taxes on an indefinite loss every year. To secure their wealth. They would have to sell it and pay the realized taxes instead of the unrealized that they will be subject to every year. This will cause a catastrophic effect on the stock market. Majority of peoples long term investments are in the S&P500. Majority of big money pulling out of the S&P will move the stock market downward, making not a growth S&P but an inverted S&P. Since big money has the ability to move the market. Peoples 401k's, IRA's and other investment plans would go down the drain due to big money pulling out of the stock market. This will not go well. Especially if you yourself have investments.

"so-called rich"? with an $800 billion defense budget untouchable, any spending cuts will hit the less well-off.

The problem with increasing Federal taxes is that its only a drop in the bucket relative to overall gov spending. The trend is pretty clear, even if taxes were to be increased Dramatically, eventually the US gov spending will outstrip that too. We literally can't increase taxes enough to cover the explosive rise in gov spending.

Why do I pay 9% of my income to taxes when Bezos and Musk pay near 0%?

I hate "fair share" What a stupid description. Who decides what's fair? ........Give me a number, a percent. But if you say "the rich need to pay 30%" ....it's not very catchy.

Regarding the unrealized gains, it's not hard to institute a rule similar to minimum withdrawals for retired people. The wealthy should have to realize gains on the highest valued 10% of their portfolio yearly.

Makes no sense, if you own a 500K house and it goes up 10% in a single year ($50K unrealized gain), and you have little to zero cash sitting in your bank, you literally would have to sell your house to pay your taxes. Now you've lost the asset that you owned and you wouldn't even be able to buy a similar house (priced ~$550K) given that if the house was priced at market price when the gain was assessed, which means you would only be able to buy a smaller house. How is this even an "investment" anymore. You buy an asset, it appreciates, you owe taxes, you sell your asset for cash and the proceeds can only afford a smaller asset.

How about govt spends less instead of taxing more!

She mentions all these loopholes as reasons to increase "revenue". Why not just close the loopholes?

yeah than also put the taxes on appreciating houses/Properties, real estate, Luxury Vintage collection cars, bought bracelets and juwelry of Gold etc, because all of those assest appreciate with time. What a nonsense thing to say, that we should put tax on unrealized capital gains. Illogical people talk!

The US is an example of an uneducated country who is getting convinced by the wealthiest population they are paying their fair share. This is capital tax, NOT INCOME.

The social security trust fund is irrelevant. The general fund is obliged to make those payments.

banks lend on unrealised gains ( printing money) and governments want a cut. but this tax will force selling and you won't have enough money to pay unrealised tax bill with the realised gains. It's a death tax pre death.

Maybe cut spending, not taking more from others.. While I agree with a progressive tax system, I don’t agree with big, superfluous, government!

How about spending that money properly in the first place and not shipping it off to some war that has nothing to with us? Yall remember when they said wall street doesnt represent Mainstreet. How times have changed.

the government needs to stop sending money to other countries ..

I want inequality.

Wish this administration would just keep their hands off the economy and policies.

no the us faces a spending problem.

Does Biden family pay income tax on income from the family business? Just asking.

Unrealized capital gains are not profit. I’m not sure how you can be so dense ?

2:11 she did not have the decency to answer his question regarding cutting spending. Incredible, how dumb does she think we are? Lady, you did not answer the question!!!!!!!

"Fair Share" is a scapegoat term, meaning we are going to tax your wealth.

This is how the wealth tax should be applied. For loans backed by assets like stocks or real estate, they should be taxed at 1.5% for the amount above $1.8M. Loans solely backed by treasuries will be exempt for the wealth tax.

Leaving taxes out of our paycheck is what u should be doing ..how to come up woth money on ur own. For ur visions shouldn't be a burden... it's not logical.. and if ran in that basis on anyone with general sense.... be a grown up like u ask us.. amd make ur dreams happen wothout ny wallet.... 75 years is how long we had mandatory taxes..75 years.. and now u have everyone feeling it's normal

Get rid of the income tax, it doesn't work how it was intended. Implement higher sales taxes.

Cnbc goes hard to protect rich people. Micro DOES own back taxes btw that was true