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Personal Finance and Investing

Midnight Writer

(23,339 posts)

6. OMG! Investors are having to pay taxes on their profits? The horror!

Reply to question everything (Original post)

Sat Apr 17, 2021, 01:58 PM

Apr 2021

The guy who hauls my garbage pays taxes on his meager income, why shouldn't "investors"?

I don't understand why investment income is more precious than wage income for people who bust their asses and get their hands dirty.

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Highlight:

New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps [View all] question everything Apr 2021 OP

"Some don't allow trading within tax-favored retirement accounts such as IRA" progree Apr 2021 #1

Investing is a lot trickier than people realize. PoindexterOglethorpe Apr 2021 #2

I don't find specific lot identification easy even with the big-name brokerages (Vanguard, Fidelity, progree Apr 2021 #3

I used it in the 90s, before everything was automated question everything Apr 2021 #4

That's good to hear -- I also have a spreadsheet with all the lots and what I paid for them progree Apr 2021 #5

OMG! Investors are having to pay taxes on their profits? The horror! Midnight Writer Apr 2021 #6

Watch your cost basis. Bristlecone Apr 2021 #7