Democratic Primaries

Recursion

(56,582 posts)

6. You don't pay taxes when your stocks increase in value, you pay when you sell them

Mon Feb 10, 2020, 05:49 AM

Feb 2020

Until they sell them they're just baseball cards. They've been getting dividends, which they've paid taxes on.

In general you pay taxes on money you've received, not on the potential to receive money, and stocks are just the potential to receive money, not money.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Walton Heirs Worth $174 Billion [View all] DanieRains Feb 2020 OP

and bernie's been in congress for decades while the waltons built their cash pile nt msongs Feb 2020 #1

And Voted Against Every Billionaire Handout DanieRains Feb 2020 #2

Lame BeyondGeography Feb 2020 #8

Wonder if the Walton family goes to church. Collimator Feb 2020 #3

I was thinking about it the other day ... even if you have just ONE billion ... mr_lebowski Feb 2020 #4

I don't think anyone pays tax on the money in savings, bonds or shares Kaleva Feb 2020 #5

Of note Bloomberg's net worth is $61.7 billion. CentralMass Feb 2020 #9

If one looked at my net worth, one may think I'm well off yet I pay no income tax. Kaleva Feb 2020 #10

You don't pay taxes when your stocks increase in value, you pay when you sell them Recursion Feb 2020 #6

Walton heirs received over a billion dollars duforsure Feb 2020 #7

Not true... brooklynite Feb 2020 #11