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REPORT ABUSIVE REPLY
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Message Subject
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Unrealized capital gains and 87K IRS agents... you'll own nothing and fucking hate it.
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Poster Handle
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BRIEF |
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Post Content
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There is no such thing as unrealized gains.
Make shit up much?
Here is a better one, they will tax you on air you breathe.
Quoting: Anonymous Coward 80788445 Well, my financially challenged AC, yes there are realized and unrealized capital gains, in most people's retirement accounts and taxable brokerage accounts... Those under the protection of IRA or 401k, cannot be taxed unless you withdraw early...and to propose taxing unrealized gains would mean they would have to give a refund if the market went down and erased the unrealized gains that they taxed you for... I don't think the government wants to get into the annuity buckets, and guarantee growth by refunding taxes collected, when the market takes a dip... Ok I’ll say it again. There is NO unrealized gain tax. Your IRA an 401k comment is stupid at best. You are taxed if you withdraw early and at retirement age. The difference is the PENALTY and clearly the higher tax bracket likely due to income. Then you try to school me on “to propose taxing unrealized” which means you know that they are NOT but you would like to pretend they will. You are BS and no they will never tax you on unrealized gains that do not physically exist as liquid cash income. I know there has been one or two times it has been brought up by a handful of elected officials but will NEVER happen because quite simply it would affect them negatively more than anyone else. NOT A SNOWBALL CHANCE IN HELL I know there is no unrealized capital gains tax...I'm pointing out what would happen if they did... A taxable brokerage account is not a retirement account, under the tax code anyhow... A Roth IRA is taxed as you invest, but not taxed when you withdraw...but there is a 10% penalty for withdraw before age 65... Traditional IRA and 401k are not taxed as you invest, but are subject to tax when you withdraw, at any age, but also with a 10% penalty if before age 65...
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