No. of Recommendations: 2
OR, expedite his gifting, and pay nothing, no?
Perhaps. Presumably this type of proposal would also modify the provisions that say that appreciated assets can be gifted without triggering a requirement to pay taxes. The whole point is to address the massive fortunes that people have acquired entirely outside the tax system, so that someone who earns $X in salary (and thus has to pay taxes immediately) gets treated equally as someone who earns $X by having their shares appreciate in value (who right now doesn't have to pay taxes until they choose to realize their gains).
