LogFAQs > #923776641

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, Database 5 ( 01.01.2019-12.31.2019 ), DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Politics Containment Topic 227: Cancel the Politics Topic: 250 B8ers will Die
LordoftheMorons 06/24/19 1:01:56 PM #29:	You pay that tax every time you buy or sell stocks, and its a tax on the entire value of the stock rather than the profit. If you have index or mutual funds, a decent chunk of the component stocks will actually be bought or sold over the course of a year and will therefore be hit with the tax. Plus youd be hit whenever you rebalanced, etc. Furthermore it would likely collect a lot less money than intended because people would adjust their behavior to avoid the tax (which would also hurt market liquidity etc). --- Congrats to Advokaiser for winning the CBX Guru Challenge! <cite>LordoftheMorons posted [p:923776641] in Politics C... [t:77811053]...</cite> <quote>You pay that tax every time you buy or sell stocks, and its a tax on the entire value of the stock rather than the profit. If you have index or mutual funds, a decent chunk of the component stocks will actually be bought or sold over the course of a year and will therefore be hit with the tax. Plus youd be hit whenever you rebalanced, etc. Furthermore it would likely collect a lot less money than intended because people would adjust their behavior to avoid the tax (which would also hurt market liquidity etc). --- Congrats to Advokaiser for winning the CBX Guru Challenge!</quote> ... Copied to Clipboard!
Topic List	Page List: 1