You don’t pay taxes on unrealized gains from investment vehicles
That’s the problem.
Imagine having to pay a (mostly) perpetually increasing income tax on your 401k every year.
That’s why a nuanced, well thought out tax plan is necessary. The average person doesn’t have extra money to pay even more taxes. Billionaires do. That’s the fundamental difference
That’s the problem.
That’s why a nuanced, well thought out tax plan is necessary. The average person doesn’t have extra money to pay even more taxes. Billionaires do. That’s the fundamental difference