Quote:
Originally Posted by Simplex3
I've always thought it was strange that I have to make quarterly payments to the government based on what I *think* I'll earn this year, and if I screw up and don't pay enough soon enough I get slapped with fines. However, if I over pay they never seem to return the favor.
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Capital gains on stock investments are even more ****ed up. Everyone thinks it's a great deal you only pay 15% on gains but what they don't realize is there's no corresponding capital loss.
You make $1,000,000 on a flying stock you pay $150,000 in taxes.
You lose $1,000,000 on a crappy stock the max you can deduct is $3,000 per year. Yeah, that's fair.
Washington makes the rules and Washington sees that they are the winner every time... unless you're a bank who made stupid decisions. Then we'll just give you taxpayer dollars. It pisses me off.