4 ms·
Do they give a tax refund if the assets then lose (notional) value the next year?
by HPsquared 2y ago
Do they give a tax refund if the assets then lose (notional) value the next year?
- asadotzler 2y agoYes, well credit and other mechanisms keep the ledger balanced. Do you think you're the first person who thought of that criticism or that none of the economics professionals though to address it? What arrogance.
- HPsquared 2y agoYikes. I'm interested to see how it handles that. The risk aspect is one reason capital gains are taxed at a lower rate than regular income. I guess it's not a tax on gains per se but specifically a wealth tax.
- exe34 2y agoI'm okay with a wealth tax if it stops the runaway growth of wealth inequality.
- exe34 2y agoin many places you can claim the last few years worth of losses as offset on your profits before taxes.