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> Capital gains generally are taxed at the same rate as income in this country Maybe I'm missing something but the "Sales of Capital Assets Reported on Individ
by bjtitus 5y ago
> Capital gains generally are taxed at the same rate as income in this country
Maybe I'm missing something but the "Sales of Capital Assets Reported on Individual Tax" from 2012 shows 7.5x as many long term Capital Gains as short term. https://www.irs.gov/statistics/soi-tax-stats-sales-of-capital-assets-reported-on-individual-tax-returns#_tables https://www.irs.gov/statistics/soi-tax-stats-sales-of-capita...
Doesn't this mean the majority of individual investment gains are not taxed as income?
- Jackson12 5y agoYou're right. That's a slightly misleading way to put it, and I have revised my original post. My point was that the "default" method of taxation is the same as ordinary income. Long term capital gains and qualified dividends are legally an exception to that rule. Though I don't think it diminishes my broader point.