Follow the remainder of the conversation before responding
Oh you tried…
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Capital investments?
That’s not true. Most capital gains are taxed at the same rate as income. I do my own taxes and without exception any capital gains I have had were (after going through the tedium of filling out the appropriate forms) were simply added to the column on page one of Form 1040 and taxed along with wages, interest and other income
I am not for a wealth tax. Sneaky is.
You did too
I’m talking to you, not @WuWei, but that’s not how I read his comments.
If your investment is short term- less than a year - then it is taxes as regular income. Other wise it is taxed at a separate rate.
Ok. Sneaky said tax the assets. That is a wealth tax. He went on to say capital gains, dividends and interest are assets; which is not correct. So perhaps that is the confusion.
I am for taxes all income the same. And I am not for a wealthy tax.
My capital gains have been both short term and long term. They have always been taxed the same as ordinary income.
The investment, yes. The gains, no.
Nope, my scenario never wavered.
Div? Interest?
Yep … You just kept making it up no matter what he said to try to get you back on track. But I suppose that when one spends as much time and effort being the victim as you do, its pretty hard to drop the facade.
You didn’t follow it…
It’s ok.
Not according to my returns. It was all taxed at the same rate.
Your defense of it did
I made no defense of anything.
Why are you debating @WuWei’s posts with me?
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I did follow it. It was made up.