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A comment on Washington state approves capital gains tax. Parent comment

Re:Washington state approves capital gains tax by Jtsummers on Friday April 30, 2021 @01:34PM (#26996603)
The (now gray) comment talks about being double taxed. That is, taxed twice for the same money.

If I invest $100 (post-tax money) and sell the investment at $1000, I do not pay taxes on that $100. There is no double taxing. I do pay taxes on the $900 gain.

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Re:Washington state approves capital gains tax by medvezhenok on Friday April 30, 2021 @01:45PM (#26996766)
The double taxation that some people talk about is actually corporate profits being taxed, and then that money being further taxed as capital gains / dividends - but I don't think that 's a fair criticism either.
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Re:Washington state approves capital gains tax by foobiekr on Friday April 30, 2021 @01:42PM (#26996721)
The problem is the gain may exist in nominal terms only. It’s possible to make a 100% nominal gain, which will be taxed, even if in inflation adjusted terms you lost 90% of the actual value in the process.
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