You could tax capital gains as income at the time of realization of the gains. IE, buy all the stock you want. It doesn't matter. The dividends you get, and an

You could tax capital gains as income at the time of realization of the gains. IE, buy all the stock you want. It doesn't matter. The dividends you get, and any payout you get from selling those stocks (even for immediate reinvestment) count as income.