- Dec 16, 2017
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When you buy a refrigerator or a car, you actually receive a tangible asset for your money. Buying stocks is not a tangible asset. When you cash it out, it is a tangible asset.It is merely a sales tax on a transaction
Similar to if you buy a car or refrigerator
plus, you are trying to use sales tax as an example of trying to get an unrealized capital gains tax.
Stocks are wealth on paper. How do you tax something when you don’t know the value it will be sold for?