Biden Supports Proposal to Tax Unrealized Gains (bloomberg.com)

Theater for the masses while they institute new ways to come after the little guy. Spend more than $600 dollars in a transaction and it's reported to the IRS (at least that is what they wanted and proposed). Then being the clever bastards they are agreed to change it to 10k cumulative a year thinking it's enough to hide the fact that it's the same thing. So if you have anything more than 10k a year of transactions in you bank account, the entire ledger of activities will be sent the IRS.

Shit rolls down hill, billionaires don't pay taxes.

And annual tax credits for unrealized capital losses?

Does this include what’s in our 401k?