Subject: Re: Biden's billionaire tax rate fact checked
Maybe! After all, you've earned an extra $80K that you didn't have before! You're richer than you were before. If you earned that amount of money in almost any other way, you'd have to pay tax on it.
Sweet! So I have to sell even MORE shares to pay my "Fair share". Love it. Actually...how about no?
But you've earned $80K in income on your investments this year, and we generally expect that people won't get a pass on paying taxes on what they earn just because they earn it in a particular way.
That's the rub. I've not "earned" anything...until I turn it into cash.