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Joined 4 months ago
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Cake day: March 10th, 2026

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  • echo@lemmy.todaytoWork Reform@lemmy.worldIt's rigged
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    2 days ago

    It provides incentive to keep your money in the market.

    No it doesn’t. The vast majority of my stock has LTCG treatment. When I sell, I sell that stock because of the preferential tax treatment and let my non-qualified stock bake longer. You either have the wealth to be in the market and can play the game or you don’t and you’re not in the market. I’ve lived both lives.




  • LTCG means that I can 15% or 20% (depending on income) on selling stock even if I’m otherwise in a high tax bracket. Why should I get to have a massive tax break just because I already have a lot of income? There’s nothing special about my income from stock vs. my income from employment other than I work a hell of a lot harder for my income from employment than I do my income from stock.