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Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
I think a law stating you can't borrow against unrealized gains would be sensible.
You can keep your unrealized gains forever, live of your dividends for all i care, and pay no tax. But realizing them, either through selling or borrowing against, triggers a taxation.
Are dividends taxed?
"Yes*"
*As with all rules, it can vary by country. As I understand it, the US tends to double tax dividends, which is a rabbit hole of why the US market chases valuation so hard
Yes
Not sure if it's the same everywhere, but if I pull a dividend I don't pay tax initially, but when I do my income taxes it's part of my income and I'd have to pay tax on it then
That was my thoughts as well.
By pay check is unrealized gains. I still have bills to pay. Stop taxing me.
I think the real solution is not to lend on fake money. Tax or no tax, it wasn't taxes that caused the market crash in 2008.
Thank you. Even if they pass something it will be written by a bureaucratic bean counter and will be riddled with loopholes.
Simply don't allow loans on stocks. Keep it simple.
Ugh. It would be so much simpler to...
... Remember those memes about what you could build with a single pandemic stimulus check? From home depot?
I don't know man, I don't really think building millions of birdhouses will accomplish much.
/s 😉