Top Democrat's proposed tax on unrealized capital gains would be devastating for financial markets

Does Oregon still have no sales tax?

 

Yes, no sales tax here. Best combination is to live in Vancouver, Washington on the Oregon border...no state income tax from Washington, then go to Oregon to buy stuff.

 

There are 3 areas that you should compare and take the cheapest solution.

 

I actually like a form of this tax. Why do I have to pay tax because I turned over my investment from MSFT to CSCO, while Bill Gates keeps compounding his in MSFT for 30+ years? Does anyone not understand the impact compounding tax-free could have done for me?

 

Valid point, I just assumed one would want to be near a large / medium-sized city. Somewhere near Spokane, Washington could be good too...never been there.

 

There's nothing stopping you from compounding tax free for 30+ years like Gates or anyone else.

 

Nobody is stopping you mate, it's a free country.

 

Fine. If you tax unrealized gains, then we can deduct unrealized losses. Fair?

 

Yes, most people on ET don't fully understand the effect and how to use compounding, more specific in trading, but probably also in taxation. Taxation also influences your net returns.