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If that is true, there should exist cards that let you load other assets on them to cover the cost of spending. Like a card that sells your Google stock to cove
by MarkSweep 9y ago
If that is true, there should exist cards that let you load other assets on them to cover the cost of spending. Like a card that sells your Google stock to cover the cost of your beer. The ability to sell capital assets without paying tax should make these cards very popular.
If these cards do not exist or are not popular, I would take that as evidence that selling a capital asset is taxable, whether or not it was triggered by a card purchase.
- Frogolocalypse 9y agoIt is true where I come from. America is not the only country in the world you know. In fact, it is one of many. I have no desire to live there again TBH.