We are publishing the tax secrets of the .001%

Re:We are publishing the tax secrets of the .001% by ajb on Tuesday June 08, 2021 @11:41AM (#27436619)

"What's stopping the average citizen from exploiting this tax avoidance strategy?"

Probably that the average citizen doesn't have capital gains.

[ Parent | on HN ]

Re:We are publishing the tax secrets of the .001% by twinge on Tuesday June 08, 2021 @11:55AM (#27436826)

Only 55% of Americans own stock: https://news.gallup.com/poll/266807/percentage-americans-own...

[ Parent | on HN ]

Re:We are publishing the tax secrets of the .001% by iso1631 on Tuesday June 08, 2021 @12:45PM (#27437580)

most of those will be in retirement plans which I assume aren't taxed?

[ Parent | on HN ]

Re:We are publishing the tax secrets of the .001% by MR4D on Tuesday June 08, 2021 @12:50PM (#27437634)

> which I assume aren't taxed?

It depends on which kind of retirement account. Might be in Roths and Roths-401Ks which are taxed when the money goes in (treated as regular income), or IRAs and regular 401Ks which are taxed as regular income when the money comes out.

[ Parent | on HN ]

Re:We are publishing the tax secrets of the .001% by repiret on Tuesday June 08, 2021 @02:44PM (#27439192)

But neither Roth nor Traditional 401k/403b/457/IRA are subject to capital gains tax.

[ Parent | on HN ]

Re:We are publishing the tax secrets of the .001% by Nbox9 on Tuesday June 08, 2021 @01:17PM (#27438019)

If you are in the US you should brush up on your personal finances.

[ Parent | on HN ]

Re:We are publishing the tax secrets of the .001% by notahacker on Tuesday June 08, 2021 @11:59AM (#27436882)

Certainly not capital gains of the order of "all the spending money I need, without any worry about repaying it on time even if the asset goes back down in price."

[ Parent | on HN ]