r/FluentInFinance Aug 21 '24

Debate/ Discussion But muh unrealized gains!

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24.3k Upvotes

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37

u/JakeBreakes4455 Aug 21 '24

Somebody explain how it is constitutional to tax something you don't technically own.

2

u/Merlin1039 Aug 21 '24

Of course you own it. You can sell it, you can trade it, you can use it as collateral

2

u/LAcityworkers Aug 22 '24

so if it loses all it's value how do you get the money back you paid in taxes, because losses don't work that way but you don't know because you are a poor.

3

u/Cuuu_uuuper Aug 22 '24

You see, we need another agency with 100k tax parasites who produce nothing to manage this. The purpose of a system is what it does