Can we talk taxes on stocks?
Disclaimer: I’m not a Libertarian, haven’t been since college. There are things I agree with, and things I don’t. But, I want to get your thoughts on something – there’s rhetoric about the 1% not paying their fair share. There are certainly ways to use their power to have a larger than normal influence. Not contending that. The thing that’s usually floated is that – their tax rate is lower than most, because they pay long term capital gains or just take a loan against their stock, and then don’t pay taxes on the loan. Once the stock is released either through options or RSU, it’s seen as income and taxed accordingly, based on the forecasted income bracket. Then the short or long term capital gain tax rate kicks in. So, whether you sell your stocks or take a loan out – you’ve already paid income tax. You haven’t skirted the system in that scenario. Or, am I missing something? submitted by /u/searchamon17 [link] [comments]
Article from r/Libertarian: For a Free Society
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