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A comment on Tax details of US super-rich allegedly leaked. Parent comment

Re:Tax details of US super-rich allegedly leaked by duped on Tuesday June 08, 2021 @05:53PM (#27441424)
Capital gains should be taxed as income when it's realized as income. You can't reinvest your capital gains without the tax penalty.

However, it is completely unreasonable for long term capital gains to be taxed any differently than normal income. A dollar earned should be a dollar taxed.

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Re:Tax details of US super-rich allegedly leaked by BitwiseFool on Tuesday June 08, 2021 @06:11PM (#27441673)
The idea is to incentivize long term investment while also trying to smooth out volatility by making short term investments less profitable. Or, put differently, people want day traders to be taxed at a higher rate than average people investing.
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Re:Tax details of US super-rich allegedly leaked by duped on Tuesday June 08, 2021 @08:19PM (#27442768)
One year is not long term investment.
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