Yes that's ridiculousTax on unrealized gains wtf. I may not remember much about my micro and macro economics classes but I remember him saying Nixon tried price controls in his administration and the shit didn't work.
Tax on unrealized gains wtf. I may not remember much about my micro and macro economics classes but I remember him saying Nixon tried price controls in his administration and the shit didn't work.
and as an accountant with almost 30 years of experience that is pure foolishness. If you have stocks and the value is up on April 15 I suppose you pay taxes on it. What happens a month later when the stock goes belly up?![]()
Unrealized Gains Tax Survives U.S. Supreme Court
The Supreme Court’s ruling in the Moore tax case reaffirms how income is taxed in the United States.www.kiplinger.com