Mr. Friscus
Diamond Member
- Dec 28, 2020
- 5,676
- 5,989
Her economic advisor was on some CNBC show defending taxing unrecognized gains.
Basically, if your 401k starts succeeding, you’d be immediately forced by the government to sell your stock so you have to pay the taxes on that.
But, if your 401k drops, they sit by and let you lose money.
And after it drops, if it gains again and returns to what it was, you have to sell your stock to pay the taxes.
It’s likely unconstitutionally, but What kind of tyrant wants to do this?
Basically, if your 401k starts succeeding, you’d be immediately forced by the government to sell your stock so you have to pay the taxes on that.
But, if your 401k drops, they sit by and let you lose money.
And after it drops, if it gains again and returns to what it was, you have to sell your stock to pay the taxes.
It’s likely unconstitutionally, but What kind of tyrant wants to do this?