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What Could you do with $48 Billion?
March 11, 2014 at 19:00 PM EDT
You may have seen the recent H&R Block commercials that try to illustrate how much money is left on the table when people do their own taxes. They show a man placing $500 in every seat in every football stadium in America, and stacks and stacks of dollars on an aircraft carrier that amount to a billion dollars. A billion dollars is a lot of money. But I don’t want to talk about a billion dollars. I want to talk about $48 billion dollars. That’s how much investors paid in capital gains taxes in 2013. Most investors are familiar with the idea that they’re taxed on what they earn: If you buy a stock and sell it at a higher price, the difference is usually subject to a capital gains tax. But what surprises a lot of people is that it’s possible to owe capital gains taxes even if you [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
You may have seen the recent H&R Block commercials that try to illustrate how much money is left on the table when people do their own taxes. They show a man placing $500 in every seat in every football stadium in America, and stacks and stacks of dollars on an aircraft carrier that amount to a billion dollars. A billion dollars is a lot of money. But I don’t want to talk about a billion dollars. I want to talk about $48 billion dollars. That’s how much investors paid in capital gains taxes in 2013. Most investors are familiar with the idea that they’re taxed on what they earn: If you buy a stock and sell it at a higher price, the difference is usually subject to a capital gains tax. But what surprises a lot of people is that it’s possible to owe capital gains taxes even if you [...]
