3 ms·
> sales tax still exists i'm not referring to sales tax regarding point of consumption. I am referring to personal income taxes (capital gain or otherwise). A
by chii 3y ago
> sales tax still exists
i'm not referring to sales tax regarding point of consumption. I am referring to personal income taxes (capital gain or otherwise).
As soon as the profits move from being re-used for investment to becoming personal wealth (intended for consumption), the taxation should occur.
- vlovich123 3y agoAh ok. That makes sense, there just doesn’t exist such a model and it might be hard to actually track. But even if reused for investment, it again is a tax break because now you’re paying only capital gains but the original investment never had any taxes applied to it as it would with normal income -> investment