How do you determine net worth when the value of many things is constantly changes or may require and expert to appraise?
If I own a lot of stuff, but don’t have a lot of cash, is the expectation that I’ll have to sell stuff to meet my tax obligations.
Can I just carry a ton of pointless debt to make my effective net worth $0?
It would be messy. It’s not impossible, but it would be messy.