I don’t mind paying taxes on realized gains. But these fuckers have a sick taxation system… Fuck the IRS and all the fucking dirty politicians on both sides…
Imagine if you will. An organization makes working illegal and if you are caught working, you must pay a fee. The more you work and more you produce, the higher the fee is. Remember what 5th amendment says? That you have a right to not incriminate yourself. Well now you are mandated to incriminate yourself every single year, you must turn over all of your documents. And if you make even small mistake, if the decimal is in wrong spot they can throw you in jail.
Thought you could declare your loses?!
You can put your loss against future profit
How to tell people you do not know how the stock market taxation works.
Stupid comment. You pay tax on profits and it's very low tax compared to other sources of income. Also your loss can be declared.
I'm guessing OP don't know how to do taxes.
Nothing is certain in life other than death and taxes, and im not so sure about the first one.
Libertarians are extremists. Please move to the country where nobody pays taxes and enjoy being killed. You will find the country near the one where they are trying communism for the 10th time. Enjoy that too
In my country when you take a lose on an investment you can than write it off against a gain on an investment.