Waiting for the comments to roll in so I can see if most hackernews commenters view themselves on team Exception or team Rule.
dshuang•17m ago
Doesn't seem fair to tax someone on appreciated stock if they haven't sold and haven't taken any loans against it.
NewJazz•14m ago
Yeah I'm in favor of leverage == taxable event. I think the meaningful difference between leveraged and unleveraged capital gains is that when you take a loan, you access liquidity via your ownership in the asset. If you had gotten a dividend, that would have been taxable. A loan with a stock backing it isn't the same thing, but it does have a somewhat similar effect.
only-one1701•28m ago