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Yep, failing to differentiate unrealized gains falls in the realm of beginner information. Taxes on Stocks Explained for Beginners that Know NOTHING About Taxe
by jxramos 5y ago
Yep, failing to differentiate unrealized gains falls in the realm of beginner information.
Taxes on Stocks Explained for Beginners that Know NOTHING About Taxes
https://youtu.be/EKYMbsjUUtE?t=46 https://youtu.be/EKYMbsjUUtE?t=46
> > Those gains are not defined by U.S. laws as taxable income unless and until the billionaires sell.
--yes, precisely because they're not income until then.
> but incurious about why the laws are that way (not just in the US, but across the developed world.
--this is a great characterization, this settling for grasping what little one superficially comprehends about a complex subject does indeed come across as incurious. They never apparently rose to ask the next 3 or 5 questions that should immediately follow. If one's curiosity stopped at question 1 or 2 that's pretty underwhelming.
- jfrunyon 5y agoBut they are income. They can use it directly as collateral for loans, they can use it to increase their assets, they can convert it to cash just about any time they want, etc.