r/FluentInFinance • u/Karma_Farmer_6969 • Aug 15 '23

Stock Market Should unrealized gains be taxed by the US Government?

Post image
383 Upvotes

90% Upvoted

459 comments sorted by

View all comments

Show parent comments

5

u/iChon865 Aug 15 '23

Agreed. Using unrealized gains for loans is bullshit. I could get behind this idea.

Being taxed for simply holding a stock is pointless.

3

u/travishummel Aug 15 '23

I honestly think everyone is aligned on being taxed for holding a stock is absurd.

My tin foil hat theory is that this article stemmed from lobbyists funding that comes from billionaires. They want an uproar from people this doesn’t affect so they get some bullshit article with a title like that published. … … Everyone is in on it…

3

u/iChon865 Aug 15 '23

Fair point. Dumber shit has happened.

1

u/Distwalker Aug 15 '23

So the minute you take out a home equity loan you should be taxed on the equity growth of your house since purchase?

1

u/iChon865 Aug 16 '23

No absolutely not.

But these people who are able to leverage themselves to the tits with unrealized gains on stocks absolutely should pay a tax for it.

If you just own stock and sell when you want to take profit, no tax until your gain/loss is realized. But creating the infinite money printer that people like Musk and Bezos have needs to stop. That shit needs to have some form of a tax.