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Strategies & Market Trends : Dividend investing for retirement
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E_K_S
To: E_K_S who wrote (33543)4/26/2021 3:41:41 PM
From: Elroy1 Recommendation  Read Replies (2) of 34328
 
One of the new capital gain proposals would tax your unrealized Capital gains 'every' year.

I have a much easier and more palatable tax on equities idea.

Calculate how much revenue the government needs from publicly traded stocks, and then tax the market X percent per year in the form of newly issued stock.

For example, maybe the US government wants 1% of the stock market value each year. Say there are 250 trading days per year. Each trading day each publicly traded company issues (1/250th of 1%) of it publicly outstanding shares to the government. The government sells the that day over the trading day.

Voila, tax revenue. The government and the private sectors are completely aligned, we both want higher share prices. No capital gains taxes. Publicly traded companies pay taxes whether the share price is go8ng up or down, whether they are profitable or loss making. Who owns the shares and whether they trade or hold is unimportant to tax collections.

It’s like property taxes, but on stocks.

Much better than the corporate income tax which depends on accounting profits, and the capital gains tax which depends on the successful investor selling.

I don’t get the logic that says a guy who sells a stock with a million dollar gain owes taxes, while the same investor who doesn't sell and instead holds owes zero. What’s so awful about selling a million dollar gain that you should be stuck with a tax bill, while a holder of the same investment should not!?
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