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A comment on Biden eyeing tax rate as high as 43.4% in next economic package. Parent comment

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by gotoeleven on Thursday April 22, 2021 @02:53PM (#26906629)
I don't really see how it's fair to tax investment returns at all. When you invest money in something you are taking a risk that you will lose that investment. It's not like the government steps in to make you whole when you lose money, so how is it fair that they get to go through your pockets if you make money?

Granted probably much income that counts as 'capital gains' right now should be classified as regular income and taxed as such.

[ Parent | on HN ]
Re:Biden eyeing tax rate as high as 43.4% in next economic p... by wing-_-nuts on Thursday April 22, 2021 @03:06PM (#26906794)
>It's not like the government steps in to make you whole when you lose money

They let you deduct losses from gains and income for tax purposes. This saved me thousands after '08.

IMHO it's the market's job to price assets and reward risk taking, not the government

[ Parent | on HN ]
Re:Biden eyeing tax rate as high as 43.4% in next economic p... by gotoeleven on Thursday April 22, 2021 @03:10PM (#26906848)
Why is everyone so downvote happy on this site now? Its kind of nuts. Are there really a bunch of sad people just reading through the comments for things that they disagree with to downvote? Maybe you're a communist you thinks taxes should be 100%, fine, but why downvote this? Do you think your socialist utopia is just a few HN downvotes away?
[ Parent | on HN ]