2 ms·
Interesting article but avoids mentioning (for a dozen pages) that capital gains are not taxed until sold, conflating that with income, and not mentioning that
by mixmastamyk 3y ago
Interesting article but avoids mentioning (for a dozen pages) that capital gains are not taxed until sold, conflating that with income, and not mentioning that it is problematic to do it any other way.
This fact is well known among anyone paying attention. Perhaps not busy folks without any assets unfortunately.
We do pay property tax on real estate in most places however, which is one strategy. Perhaps time for one on capital assets as well. While unpopular, the alternative—that the 1% hoover up everything and pay no taxes is worse IMHO.