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

submitted 5 months ago by [email protected] to c/[email protected]

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[–] theonlytruescotsman 0 points 5 months ago (1 children)

Income tax does not, in anyway tax asset gains.

[–] [email protected] 0 points 5 months 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 5 months 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 5 months 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?