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The Dems Won’t Win by Abandoning Immigrant Rights | Common Dreams (www.commondreams.org)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] theonlytruescotsman 0 points 1 week ago (1 children)

Income tax does not, in anyway tax asset gains.

[–] [email protected] 0 points 1 week ago (1 children)

Income tax does not, in anyway tax asset gains.

It's called a capital gains tax doofus and it has existed forever. "Confident ignorance" is the worst type of internet post you can make, and you just did it.

https://www.irs.gov/taxtopics/tc409

[–] theonlytruescotsman -2 points 1 week ago (1 children)

Capital gains tax is applied WHEN YOU CASH OUT THE ASSET. until you liquidate the asset, d o f u s, no tax is realized. The rich do no liquidate their capital except for 9+ figure acquisitions, they take zero interest loans against it as spending money.

Your snide comment is ironic, as you have no idea how this works.

[–] [email protected] 1 points 18 hours ago

Capital gains tax is applied WHEN YOU CASH OUT THE ASSET.

Yes everybody knows that. Why the fuck would you think that in any way means we should not tax the rich?