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Topic | Politics Containment Topic 227: Cancel the Politics Topic: 250 B8ers will Die |
LordoftheMorons 06/24/19 1:01:56 PM #29: | You pay that tax every time you buy or sell stocks, and its a tax on the entire value of the stock rather than the profit. If you have index or mutual funds, a decent chunk of the component stocks will actually be bought or sold over the course of a year and will therefore be hit with the tax. Plus youd be hit whenever you rebalanced, etc. Furthermore it would likely collect a lot less money than intended because people would adjust their behavior to avoid the tax (which would also hurt market liquidity etc). --- Congrats to Advokaiser for winning the CBX Guru Challenge! ... Copied to Clipboard! |
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