Re:For the first time on record, the 400 wealthiest American...
by dragonwriter on Monday October 07, 2019 @02:56PM
(#21184606)
> The point is that it's all money that you just got right now.
That's less true if you have hyperinflation, but at normal inflation rates ignoring inflation across the tax year is a pragmatic simplification with modest effect for gains that aren't long-term in nature (which may not exactly coincide with all income not subject to favorable taxation as LTCG.)
That's less true if you have hyperinflation, but at normal inflation rates ignoring inflation across the tax year is a pragmatic simplification with modest effect for gains that aren't long-term in nature (which may not exactly coincide with all income not subject to favorable taxation as LTCG.)