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Susan Linehan's avatar

I agree that he should recuse. On the case itself, I am of two minds, though it does only apply to gains of a particular form of "controlled foreign corporation." But as a prelude to a general "wealth tax" it worried me. As someone sitting in a house that has increased enormously in value simply because Big Tech and Big Salaries moved to town years after I bought it, I'm a bit leery of taxing unrealized capital gains. I'm already paying an obscene amount of property tax.

However, I can see creating a tax bracket higher than the current top one which would TAX just the usual income but for which you would qualify because of a humungous number of unrealized capital gains. As I am nowhere NEAR the current top tax bracket, that would make me feel warm and cozy 😉😉

Thus, if you made 10 million in taxable income in a year, you would be currently taxed at 37%. Under my scheme, there would be a higher bracket (say 60%) which you would only be required to use if you had say a billion or more in unrealized gains. Still paying the tax on 10 million. Just at a higher rate.

But I am far from an expert in tax law, including its constitutional parameters.

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Steve's avatar

Many Judges, including Supreme Court Justices, have been interviewed by prominent lawyers at bar association functions, other legal gatherings, and for publication, without anyone ever suggesting that was grounds for recusal. This is a nothingburger.

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