News for hackers. Stuff that matters.

A comment on Billionaires should face a minimum tax rate, report says. Parent comment

Re:Billionaires should face a minimum tax rate, report says by jandrewrogers on Monday October 23, 2023 @12:18PM (#37987829)
The tax reduction against income for capital losses rounds to zero for all practical purposes. Long-term inflation losses are not deductible at all in the US even though they can often exceed notional returns.
[ Parent | on HN ]
Re:Billionaires should face a minimum tax rate, report says by antisthenes on Monday October 23, 2023 @02:54PM (#37989973)
That's not what your original comment said at all.

You still haven't pointed out which capital losses get you taxed more. If you were referring to inflation, then why not just say that directly?

[ Parent | on HN ]