Re:What if debit cards could pay for purchases by selling se...
by rleahy22 on Friday December 20, 2019 @02:46PM
(#21846845)
If you're using stocks to back your debit card purchases then you would be realizing gains incredibly frequently and therefore likely subjected to short term capital gains, which are taxed at normal income tax rates. You would not see a benefit in taxes in this scenario.
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