this post was submitted on 14 Jun 2024
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[–] ryper@lemmy.ca 9 points 6 months ago (1 children)

Don't forget that the $25k wouldn't all be gains in the first place. If the investment had increased in value by 25%, it would be 20k base and only 5k gains; if it had increased by 100% it would be an even split. We're talking about taxing a part of a part of the sale value.

[–] MacroCyclo@lemmy.ca 5 points 6 months ago

Once you get this far down the thread you realize how complicated it actually is and why most people have no sweet clue how it works.