Economy

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Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—’Yeah, sure, but why not?’ (fortune.com)

submitted 1 year ago by tuxbot@infosec.pub to c/economy@lemmy.world

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[–] XTL@sopuli.xyz 2 points 1 year ago (1 children)

If you sell stock that lost and made money in balance like that, then you're just liquidating your own money. There hasn't been any profit, so there's nothing that should be taxed.

[–] Ajen@sh.itjust.works 2 points 1 year ago

True. But it's also part of a greater strategy to avoid paying taxes.

https://www.investopedia.com/terms/t/taxgainlossharvesting.asp