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US Politics 13h
why can’t we tax annual stock gains? oh, you made 100,000,000 in the stock market this year nice you owe me 10 million in taxes. You don’t have 10 million in cash? Sell your stocks.
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Anonymous 13h

I’m okay with taxing unrealized gains Yes I realize it’s somewhat difficult to implement fully. Imagine someone has a family painting that’s worth $2 million (according to who? Do they force you to get it evaluated every year?) but broke outside of that. They don’t want to sell it. That doesn’t mean you should do NOTJING

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Anonymous 12h

Okay, by this logic property taxes shouldn’t work, yet they do?

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Anonymous 12h

That’s unconstitutional to force somebody to sell their unrealized gains to pay money to the state, especially considering what the state does with that money.

upvote -1 downvote
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Anonymous replying to -> #1 13h

It’s really not that difficult actually. We tax unrealized gains every year with this thing called property taxes

upvote 12 downvote
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Anonymous replying to -> #2 11h

Homestead exemptions are also pretty good tbh. It makes sure actual homeowners are paying less while dirtbag landlords are paying what they owe

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Anonymous replying to -> #4 11h

Also stocks are something that are fairly easy to sell to pay for taxes Unlike a house, you can sell $2000 worth of stock to pay $2000 in taxes

upvote 6 downvote