General Discussion

7962

(11,841 posts)

31. I do not think unrealized cap gains should be taxed. But they are.

Sun Oct 5, 2014, 11:42 AM

Oct 2014

You have money in a stock that appreciates, you dont pay taxes on the gain until you sell. If you have money in a mutual fund, any capital gains are taxed even if you never sell any shares of the fund. I dont think thats right. Its punishing you for investing for your future. You may even end up having to sell to get the cash to pay the tax
I agree with your other points, but you wont find a lot of support for it on the Dem side. I havent seen the president present a plan for it. Regardless of its chances in a GOP house, it would show who is trying to accomplish something.
But I'm considered "fringe" on DU, because I also support a sales tax. We have too many people earning good money who pay little or no taxes because they earn cash wages. We need more people pulling the wagon. There arent enough "rich" people to fund everything.

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Wha? TheVisitor Oct 2014 #17

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gotcha TheVisitor Oct 2014 #24

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Brilliant rejoinder. Aldo Leopold Oct 2014 #11

Hear, hear! n/t malthaussen Oct 2014 #19

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Love it! K/R for TRUTH. hifiguy Oct 2014 #10

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Say it loud, say it proud! Veilex Oct 2014 #18

if i was going to become politically minded again orleans Oct 2014 #22

Some of the stuff on the list Jamaal510 Oct 2014 #23

I wish they would raise taxes IronLionZion Oct 2014 #26

I do not think unrealized cap gains should be taxed. But they are. 7962 Oct 2014 #31

I think that the problem is that for altogether too many people, it is easier to just let world wide wally Oct 2014 #28