With their scolding and posturing, self-described “pragmatists” are mimicking the far-right’s well-worn playbook of scapegoating marginalized people to evade responsibility for charting a visionary path forward.
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.
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.
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
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.
Yes everybody knows that. Why the fuck would you think that in any way means we should not tax the rich?