Washington state approves capital gains tax

Re:Washington state approves capital gains tax by foobiekr on Friday April 30, 2021 @01:40PM (#26996690)

He has a point. Imagine capital gains in a sustained high inflation period. Even if your investment exactly tracked inflation you’d end up with a very substantial nominal gain, and LTCG uses the nominal value.

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Re:Washington state approves capital gains tax by fighterpilot on Friday April 30, 2021 @11:00PM (#27002597)

I don't understand the point since he'd still be better off than if he just held cash. What am I missing?

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Re:Washington state approves capital gains tax by mrgordon on Friday April 30, 2021 @11:20PM (#27002736)

Think of it this way, they could have bought something for $10,000 at the beginning but now that $10,000 item would cost $15,700 and they only have about $13,810 or less depending on state tax. (That assumes a 23.8% tax rate on the $5000 in “gains”)

So assuming whatever they bought doesn’t degrade, it would have been better to buy it in the beginning rather than invest and make less than inflation after tax

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Re:Washington state approves capital gains tax by syshum on Friday April 30, 2021 @01:58PM (#26996954)

We will not have to image that, it coming sooner than most people think

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