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Interesting. Would you also not have suffered massive real loss from inflation over ten years eroding your return?
by rayhano 14y ago
Interesting.
Would you also not have suffered massive real loss from inflation over ten years eroding your return?
- rogerbinns 14y agoDepends on the item. For example a car or a house also provides utility which is value extracted and not a loss. Most items should appreciate in line with inflation, all else being equal - after all inflation doesn't change real values, just the digits used to express that value. And in this example if I sold it for $100 then no tax would be due at all under current schemes. In your case I still have paid $40 in taxes in addition to the losses from inflation.