The US government was briefly able to balance its budget during the late 90s tech bubble in part due to higher than normal capital gains taxes at that time. It’s one of the areas that many government will look to to plug growing deficits. Canada just announced a capital gains hike, for instance, after years of loose monetary policy.
fenriswulfwsb on
Woe is me for now I must pay taxes on my gambling earnings the way a poor wage slave is taxed on their hard labor! What on earth is this world coming to?! It’s not like taxing capital gains appropriately would probably help solve the income inequality problem. Like most rich people don’t make most of their money through investment style income… Right?
Your piddly $5 profit over 3 years of investing isn’t the target here.
Relevant-Nebula8300 on
They force us to fullport options
Andries89 on
Yes and the asset stops me from being homeless or giving my money for shelter to a 3rd party. If the asset appreciates, guess what idiot I don’t pay CGT on it where I live, I sell up and have some Russian care worker service me and change my diaper. Fuck you
Heinz_Josef on
How abou we all withdraw our all our money from the bank on july 14th?
sinncab6 on
The fucking inflation rate was sub 4% for close to 40 years.
10 Comments
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Hold for over a year and pay lower tax.
This is stupid, even for WSB.
Sell for cash and don’t pay tax
The US government was briefly able to balance its budget during the late 90s tech bubble in part due to higher than normal capital gains taxes at that time. It’s one of the areas that many government will look to to plug growing deficits. Canada just announced a capital gains hike, for instance, after years of loose monetary policy.
Woe is me for now I must pay taxes on my gambling earnings the way a poor wage slave is taxed on their hard labor! What on earth is this world coming to?! It’s not like taxing capital gains appropriately would probably help solve the income inequality problem. Like most rich people don’t make most of their money through investment style income… Right?
Your piddly $5 profit over 3 years of investing isn’t the target here.
They force us to fullport options
Yes and the asset stops me from being homeless or giving my money for shelter to a 3rd party. If the asset appreciates, guess what idiot I don’t pay CGT on it where I live, I sell up and have some Russian care worker service me and change my diaper. Fuck you
How abou we all withdraw our all our money from the bank on july 14th?
The fucking inflation rate was sub 4% for close to 40 years.
This is r/im14andthisisdeep territory