Andylusion
Platinum Member
Very trueYou guys still don't get that the wealthy, with their huge investments, are what help this country. It is why 50% have money in the stock markets. Pensions are paid through investments in the markets. When the stock market goes down, everything goes down. The markets will go way down if you discourage investment. That is a no brainer. You guys are fighting for the 50% of people who have nothing in the market, have little understanding of economics and have very little if anything to lose from any of these leftist policies because they don't have any skin in the game...they don't pay income or capitial gains taxes.
Markets are now the wealthy obtain wealth without being required to pay taxes. Put a small fee on each transaction. Brokers do it, why not the government.
That 50 percent of the population has 2/10 of a percent of the wealth. They are the ones working their whole lives for little gain. They are the ones generating wealth but receiving very little
You pay taxes on the money you make in the market, but you don't have to pay those taxes until you sell your stock. You could have Amazon for ten years, made a million dollars, and not pay a dime in taxes. But your realized profit will be taxed after you sell your stock, or if you pass away and it's liquidated to your family.
You can sit on that money indefinitely. Now, under Trump, you don’t have to pay inheritance tax when you pass it on.
That is why I want a fee on each transaction
Why should anyone pay taxes on money they don't have? Until you sell the stock, you don't have the money. What if you pay taxes on the gain and the stock plummets to below what you bought it for? Do you get a refund.
I swear you guys must be poor as church mice with absolutely not money in the markets. No understanding of them at all.
You are only paying a fee when you buy and sell
That is money you have
But that isn't what she wrote. At least it wasn't in the link that was posted. She said a yearly tax on unrealized gains. Meaning.... a tax on the capital gain, of an investment you have not sold yet.
So the prior poster is right.... what happens if you pay a huge tax on a unrealized capital gain, and the value drops before you sell it? Do you get a refund?