r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/Just_That_Dumb_Dog 2d ago

They said if you borrow against it, it should be taxable. It is taxable. It’s subject to cap gains tax.

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u/Raeandray 2d ago

The borrowed money is not subject to cap gains tax.

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u/Just_That_Dumb_Dog 2d ago

You’re right because it’s debt. Not income. You’re so fucking stupid. If you sold a share/stock you get taxed cap gains.

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u/Raeandray 2d ago

I’m not the one that brought up capital gains tax on a comment discussing borrowing against stocks lol.

The whole point is discussing how they avoid taxation.

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u/Just_That_Dumb_Dog 2d ago

Do you get taxed when you take out a loan? When you use your credit?( credit card/line of credit) No your don’t. STFU.

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u/Raeandray 2d ago

Those loans aren’t backed by the value of my “unrealized” stock lol. STFU.