politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
No, it's still taxes.
If I buy a 50,000 car and sell it for 25000 2 years later, I'm still paying taxes.
How do you not know that?
The tax you pay is one the net gain, which is the amount realized less the base of the good (i.e., what you paid to acquire). I'm not a tax expert, and real estate can get really fucky with this stuff, but that's my understanding of the fundamental rules for taxation.
...
I'm not sure how to explain this any simpler.
My apologies, but if I tried again I'd just be repeating what I've just said.
Your explanation is wrong.
Here is an explanation of capital gains directly from the IRS:
https://www.irs.gov/taxtopics/tc409
The confusion is you think it's a "gain" only if sold for more than you paid, which isn't true.
And having a loan doesn't negate gains. It's two separate things. Which is why this situation for trump is so crazy and his taxable income can balloon so much despite trump not getting any money.
I don't think explaining more would help, but since you bothered to provide a link. I took the time to show you where you were confused.