InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,299.67
(
1.93%
)
US TECH 100
17,827.60
(
2.51%
)
Dow Jones
39,318.84
(
1.43%
)
Brent Oil
78.65
(
0.34%
)
Bitcoin
59,780.11
(
8.63%
)
Post# of 114953
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Cause

Send PM Follow Ignore
Followers 4
Posts 1506
Boards Moderated 0
Alias Born 05/04/2006

Cause

Re: None

Friday, 07/13/2007 12:04:45 PM

Friday, July 13, 2007 12:04:45 PM

Post# of 114953
If I go to a bar in mexico, and I spend $5 using my debit, how is the IRS going to determine if I am using money that was from capital gains or money that I already paid income taxes on?

Hoes does the person spending the $5 even know? The only way is to determine if the account that it came from is increased (the gain) and if you are spending that portion, otherwise it is just sitting there.

This is a very complicated issue.

Good Luck!
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up