4 ms·
Lots of the money hasn't been taxed. If you owned stock for decades but never sold it, it wouldn't have been taxed.
by metzby 6y ago
Lots of the money hasn't been taxed. If you owned stock for decades but never sold it, it wouldn't have been taxed.
- beamatronic 6y agoThe money that was used to purchase the stock originally was probably post-tax dollars
- oplav 6y agoAre you suggesting that capital gains taxes on stock sales are also wrong because the stock was purchased with post-tax dollars?
- parineum 6y agoAnd you aren't taxed that amount when you sell it, you're only taxed the profits.
- jakelazaroff 6y agoUnless it’s stock in e.g. a 401k or IRA.
- saalweachter 6y agoThey money I used to buy a candy bar is post-tax dollars dollars, but I still pay sales tax on it. They money I use to pay for a taxi ride are post-tax dollars, but the taxi driver still pays income tax on it. When I sell that stock I bought with post-tax dollars, I still pay capital gain taxes on the profits. Post-tax dollars aren't magical things that mean you never pay taxes again. They're just an accounting tool that makes dealing with some tax-exempt activities easier.
- bobbytherobot 6y agoYou pay taxes on the gains. (Unless you purchases them through a Roth 401K/IRA where you don't, but those have tight limits on it.)