Jump to content

Taxing Unrealized Capital Gains


Ann
 Share

Recommended Posts

3 minutes ago, Ann said:

How?

crazy.jpg.ac0d5c2a3706c69a197ef5e66c3bcd80.jpg

 

It also means if you buy a house for $200k, and it's later assessed at $400k, you owe taxes on the $200k profit.

 

It's an obscenely stupid idea.

  • Angry 1
Link to comment
Share on other sites

Memories are very short for the idiot class, who doesn't recognize that all financial panics are driven by paper depreciation of assets that suddenly become illiquid.

Link to comment
Share on other sites

14 hours ago, snafu said:

Do people pay the same tax on the same unrealized gain every year?

Makes no sense.

 

There is no practical way to keep the records.  It will be a nightmare and create chaos before it is over turned.

Link to comment
Share on other sites

On 10/26/2021 at 6:36 PM, Ann said:

How?

crazy.jpg.ac0d5c2a3706c69a197ef5e66c3bcd80.jpg

 

Janet Yellen proposing something that will seriously screw over middle class people?  That would NEVER happen.  She's so darn reasonable & profound.  :classic_dry:

Link to comment
Share on other sites

Lemme get this straight.  If you buy 1000 in stock and it goes up to 1500, you owe taxes on 500

Do you owe taxes on 500 every year?

If the stock drops to 500, do you get a 500 tax credit?

Link to comment
Share on other sites

2 hours ago, devnull said:

If the stock drops to 500, do you get a 500 tax credit?

 

No, after a drop, you still pay taxes on what you should have made, had the obstructionist fascist GOP not willfully tanked the stock.

Link to comment
Share on other sites

It’s actually a great idea. If your goal is to destroy the economy I cannot think of a more efficient way than convincing people not to invest in the economy. Brilliant move. 

  • Like 1
Link to comment
Share on other sites

  • 1 month later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

Terms of Use, Privacy Policy, We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue., Guidelines