175
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Feb 2025
175 points (96.8% liked)
Asklemmy
44672 readers
1091 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
Yep, that is how capital gains works for everyone, including you and me. You pay taxes on them when you sell, when you have income.
You and me cant use those unseen capital gains as collateral to buy a propaganda machine.
Put a percentage of every paycheck into an index fund (ex: VTI) and sit on them for a few years. You too will have capital gains.
Average returns on index funds are 6%-8%/yr, compounding. They are a solid long-term investment.
What with? My emerald mine money?
A bit silly to go for VTI over VT, the US is in decline and international is accelerating.
Tesla has sold quite a lot, yet paid almost nothing in taxes. So obviously it doesn't work that way for "everyone".
https://itep.org/tesla-reported-zero-federal-income-tax-in-2024/
Tesla is not Musk, yes companies are taxed differently than individuals. Notably by profit, not income.
Musk paid $11b in capital gains tax when he sold, that is how capital gains taxes work for everyone. Same as you and me.