Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
https://lemmy.world/post/19957740
Let's play the rich get everything. The rules are the rich get everything. participation is mandatory. - Lemmy.World
Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box
under a freeway as a market capitalist scarecrow warning to the other ants so
they keep showing up to make us more!
So how does taxing unrealized gains work. If I purchase stock X at a specific price. If the stock goes up and I now am holding 150% of my original value. Let’s say it hovers there for 3 more years. After 3 years it tanks and is now worth only 50% of my original purchases. Are people suggesting that I pay taxes on the unrealized gain of 50%, even though I end up selling at loss and have realized negative value. Doesn’t that mean I am being taxed on losing money? How does that make sense?
Allonzee