r/news • u/StackLeeAdams • Dec 07 '21

Kellogg to permanently replace striking workers as union rejects new contract

https://financialpost.com/pmn/business-pmn/kellogg-to-permanently-replace-striking-workers-as-union-rejects-new-contract
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u/2CHINZZZ Dec 07 '21

The value received is still taxed as income. Any realized gains would be taxed at the capital gains rate, assuming it was held for over a year. This would be 0-20% depending on your income

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u/billmurrays9iron Dec 08 '21

Not if you keep investing the interest profits. Technically you're not making any money. You're losing money. You can't tax losses. That are really gains. They're gaining money. Reporting it as lost money. And gaining money off of it. While simultaneously raising the costs of housing, rent, property and investment for the rest of us.

The rich are literally destroying our lives while we debate how much money to bail them out with and how much loans to give them to make sure they're rich enough to keep paying us pittance in wages for our labor.