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It would be nice if the government doesn't steal more of that away from me too, like they do with social security and income tax.
It's in the constitution. The government has the right to tax any income you earn.
That said, if you're trying to argue that the capital gains tax is a double, you're wrong. You're only being taxed on the additional money you earned, not the initial money you put up for the investment. It's like the government taxing a business on the additional profit they earn, not the money you earned before and put into the business' operations.
It's in the constitution. The government has the right to tax any income you earn.
That said, if you're trying to argue that the capital gains tax is a double, you're wrong. You're only being taxed on the additional money you earned, not the initial money you put up for the investment. It's like the government taxing a business on the additional profit they earn, not the money you earned before and put into the business' operations.
That's true, but they are limited to what they can spend on.
Therefore, our tax rates would be close to nothing.
It's in the constitution. The government has the right to tax any income you earn.
That said, if you're trying to argue that the capital gains tax is a double, you're wrong. You're only being taxed on the additional money you earned, not the initial money you put up for the investment. It's like the government taxing a business on the additional profit they earn, not the money you earned before and put into the business' operations.
Just saying I hope taxes don't increase. I pay plenty the way it is.
Thanks for being a smart ass, it's really appreciated.
Sorry you took that the wrong way. What I meant was, I generally buy low and sell high, which requires people with your kind of investing skill to buy high or sell low. I'm sorry you're not doing it anymore. Really.
I guess I should be thankful that you aren't doing it my way.
Invest in ways that defer your tax liabilities for the future. Been doing it for a decade now. Wealth has grown tremendously while I havent paid a dime in taxes..
Exactly. I've been enjoying regular gains while deferring taxes for years.
Of course, we don't have a 60" TV, the latest and greatest in electroninc toys or closets full of the latest fashions.
Exactly. I've been enjoying regular gains while deferring taxes for years.
Of course, we don't have a 60" TV, the latest and greatest in electroninc toys or closets full of the latest fashions.
Oh well, my loss
I have all the latest and greatest, as I sit around I've got 32 computers humming, and the smallest tv in the house is now 65", with the the largest being 120".
I of course use them occasionally as monitors thus they are partially depreciable as business expenses, and even the house, which is 1/2 an office, becomes a write off
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