Taxes on unrealized capital gains

Seems like you could put a minimum on the holdings before you start taxing, like $10 or $50 mil. So the savings of the teacher or the retail worker are safe.

Elliott Downing (@elliott_downing) Tweeted: Here’s the thing: People like owning stocks specifically because they’re unlike houses. You can sell 2% of your more-valuable-than-when-you-bought-it stock to pay your taxes if you need to, AND you can sell it instantly. Both of those are hard to do with a house. Stupid analogy.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.