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>The only dividends that can get taxed like capital gains are qualified dividends and they’re very rare. Because they are dividends from selling capital assets
by lotsofpulp 3y ago
>The only dividends that can get taxed like capital gains are qualified dividends and they’re very rare. Because they are dividends from selling capital assets in a business or the like. All other types of dividends are taxed like income.
This is incorrect. Lots of dividend income is classified as a qualified dividend.
https://www.investopedia.com/terms/q/qualifieddividend.asp https://www.investopedia.com/terms/q/qualifieddividend.asp
>A dividend is considered qualified if the shareholder has held a stock for more than 60 days in the 121-day period that began 60 days before the ex-dividend date.
>This is getting really weird.
It is not weird at all. We tax wealth all the time. Every state/county has a property tax, some even have a property tax on vehicles. The simplest explanation is this, does society benefit from people hoarding wealth? For how many years? 1 year, 5 years, 10 years? Multiple generations?
Would it not be better if people were forced to get off their ass and continuously earn their keep? Or at least set marginal levels for the amount of wealth one can hoard? Sure, hit the ball out of the park and earn $10M, $100M, $1B. Enjoy it for 5, 10, hell even 20 years. But how does society benefit from this person or family creating an everlasting dynasty?
- lazide 3y agoSo you’re saying no one should be able to retire? And should have to work forever? Weird.
- lotsofpulp 3y agoNo, the government can exempt a certain amount that allows for a secure retirement. But it doesn’t need to allow for retirees to jetset around the world, buy luxury cars, and leave generational wealth behind.