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In the contrived example, the 5% return was "risk free" so assume it was something like CDs, no capital gains.
by SoftTalker 6mo ago
In the contrived example, the 5% return was "risk free" so assume it was something like CDs, no capital gains.
- golem14 6mo agoCDs generate interest, which is taxed as income, higher than capital gains. Just sayin ...
- SoftTalker 6mo agoRight, but you don't trigger additional taxable income by redeeming them to pay your wealth tax, unlike e.g. selling stock shares.