2. Do your objections to corporate political speech also apply to non-business corporations (e.g. political advocacy nonprofits like the NRA and the ACLU, or labor unions), or do you a distinction between business corporations and non-business corporations that mitigates your objections in the latter case
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It looks like the Dutch wealth tax uses the average of the market value on Jan 1 and the market value on Dec 31.
Another way I though of to do it, that'd be pretty hard to game: 1. The year you sell a share, it's valued at the price you sold it for. 2. The year you buy a share (unless you sell it the same year), it's valued at the price you paid for it. 3. If you held a share all year, or if you sold stock in the same company and then bought it back in a relatively short time-window, it's valued at the median price it traded for over the course of the year (your broker gets the number from the stock exchange and puts it on your annual tax statement). 4. If you sell a share, then buy it back within a fairly short time window, apply something like the current wash sale rule used for capital gains taxes to prevent someone from using rules 1 and 2 to lock in a low tax basis when the stock's temporarily tanking
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A: ACME pays $3,500 now, Shareholders pay $1,950 later on capital gains B: Shareholders pay $3,000 now, ACME pays $2,450 later (with no capital gains since the reinvestment will dilute the stock pool)
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It looks like the Dutch wealth tax uses the average of the market value on Jan 1 and the market value on Dec 31.
Another way I though of to do it, that'd be pretty hard to game:
1. The year you sell a share, it's valued at the price you sold it for.
2. The year you buy a share (unless you sell it the same year), it's valued at the price you paid for it.
3. If you held a share all year, or if you sold stock in the same company and then bought it back in a relatively short time-window, it's valued at the median price it traded for over the course of the year (your broker gets the number from the stock exchange and puts it on your annual tax statement).
4. If you sell a share, then buy it back within a fairly short time window, apply something like the current wash sale rule used for capital gains taxes to prevent someone from using rules 1 and 2 to lock in a low tax basis when the stock's temporarily tanking ( ... )
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A: ACME pays $3,500 now, Shareholders pay $1,950 later on capital gains
B: Shareholders pay $3,000 now, ACME pays $2,450 later (with no capital gains since the reinvestment will dilute the stock pool)
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