Why? You didn’t do any work to get that capital gain, you just bet on the right horse in the market. A $5k capital gain is just like winning $5k at the track, and should be taxed the same way.
Disagree. If you earn $1 a year I think you should be paying something in taxes, possibly getting it back (less interest), but you should have skin in the game.
Um, it’s unfair that I have to pay a capital gains tax at all, sweetie.
Why? You didn’t do any work to get that capital gain, you just bet on the right horse in the market. A $5k capital gain is just like winning $5k at the track, and should be taxed the same way.
Exactly! If I didn’t do any work, I shouldn’t pay any tax. It’s simple, really.
As an avid gambler, I don’t think gambling should be taxed either.
At least you’re honest
I feel like they’re being facetious, but it’s getting harder to tell these days.
They live in Texas, so it’s anyone’s guess — from what I’ve gathered they’re well off, if that changes your opinion.
Disagree. If you earn $1 a year I think you should be paying something in taxes, possibly getting it back (less interest), but you should have skin in the game.
It’s for private equity, Sweetie. NEXT!