Comments | bonsaye: death & taxes

bonsaye

death & taxes

Apr 28, 2008 20:30

Toward the end of the day, I read a blog post from a favorite author of mine, Andree Seu, entitled The Pleasures of the Less Than Rich. I had a bit of time to ponder and nod my head along with her words, and then I closed up the office and headed home -- straight to my own personal experience as a less-than-rich person ( Read more... )

money, thanksgiving, jireh

Comments 2

madamlepic April 30 2008, 13:24:42 UTC

Taxes. Make sure your dad looks at your stuff and helps you. All those fees count as expense for the cost of the stocks and are deductible. Dad likes to work on taxes and save you money.
We're home, BTW.

bonsaye April 30 2008, 14:57:06 UTC

I have been hoping to talk with you about this! It seems that... Okay. I earned the $4000-ish in 2001 and paid taxes on the money as earnings in 2001. Then it went to the stock market. Why is it being taxed again when it comes out of the market?! I understand that earnings on that principle should be taxed, but I barely had any earnings. It doesn't make sense to me. Why would anybody ever invest in anything if the principle was taxed at the sale of the investment? It wouldn't even begin to be worthwhile until your earnings had hit a ridiculous high! Heeeeeeeeeeeeeeeeelp.