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re: How do you respond to this Yahoo comment regarding short/long-term capital gains tax rate?
Posted on 12/19/17 at 8:46 am to rickgrimes
Posted on 12/19/17 at 8:46 am to rickgrimes
(no message)
This post was edited on 11/17/21 at 5:01 pm
3
Posted on 12/19/17 at 8:46 am to puse01
quote:
The money invested has already been taxed when it was earned initially.
Irrelevant. That basis is never taxed again anyway no matter what rate you use.
Posted on 12/19/17 at 11:36 am to puse01
quote:
The money invested has already been taxed when it was earned initially.
So you're saying money shouldn't be double-taxed? Then why are we double-taxed with Social Security, Medicare...and now...state and local income taxes? That's a double standard.
Posted on 12/19/17 at 1:54 pm to puse01
quote:
The money invested has already been taxed when it was earned initially.
This.
Invested money is risked money. Why be penalized for taking a risk?
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