The image is correct, but it also applies to capital gains tax in general. You pay tax for something whose actual value in terms of purchasing power hasn't changed. The government has devalued the dollar by 97%, and every one of those percentage points is taxed as if it was caused by assets going up in price.
Even income taxes -- To keep up with prices rising you needed a 20% raise, meaning you might end up in a new tax bracket, so you're paying more tax on what is effectively the same income and the government acts like they're doing you a favor.
Even income taxes -- To keep up with prices rising you needed a 20% raise, meaning you might end up in a new tax bracket, so you're paying more tax on what is effectively the same income and the government acts like they're doing you a favor.
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