(04-28-2024, 12:44 PM)mikesez Wrote:

(04-28-2024, 08:46 AM)Sneakers Wrote: Should income generated from investments that carry a risk of loss be taxed at the same rate as all other income?

I could lose my job tomorrow and so could you.  That's a risk.

So yes. Absolutely.

You want us to cry over the investor's risk of loss? The investor is blessed to have that extra capital in the first place. I'm certainly not an "eat the rich" guy but I'm not going to lick their boots either.
see the benefit.

Talk about a wrong stereotype.  I am an investor and there are many like me that weren't "blessed" with the capital to invest.  I worked hard, long hours, sometimes away from my family for over 30 years to earn the capital that I have to invest.  I spent many years saving my money, even if it was "only" $50 or $100 per month.  Remember, $50 or $100 back in the 80's and 90's was a pretty good amount of money.

I wouldn't exactly call myself "rich" or wealthy as far as money, but I was able to retire comfortably at the age of 55.  At this point, my "income" comes from my wife's Social Security (she is older than I am) and my investments.

I also have a close friend who invested in real estate years ago.  Him and his wife acquired roughly 26 properties of their own to the point of starting their own property management business.  They worked long hours to build the business up to the point where they were able to sell for a very large sum of money.  He eventually sold off his rental properties, all but one.  They were certainly not "blessed" to be able to do it, they took a huge risk and put in the work in order to achieve what they did.

To say that "The investor is blessed to have that extra capital in the first place" is up there on your long list of ignorant statements.

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