I can see that. I’d hope I could offset it by actually dumping my personal funds into working class programs and offer direct relief, but I know it’s a stupid thought exercise. The reality is that I’ve been in tech for years and have always actively avoided FAANG companies, and any and all paths that lead to corporate or management.
The point though is that I ultimately don’t care for wealth. Stocks and indexes would be playing into the same billionaire game that I would be trying to steer away from (albeit an impossible feat to dodge entirely).
I would probably use it in local governments to provide housing and better shelters for the poor; donate to programs that help children in underrepresented communities; buy materials for schools; contribute to mental health services and police reform (through community-lead programs).
You fool. You pay taxes on stock gains once they’re sold. You can write off donations… YOU are the one that would end up enriching the government with your money…
I can see that. I’d hope I could offset it by actually dumping my personal funds into working class programs and offer direct relief, but I know it’s a stupid thought exercise. The reality is that I’ve been in tech for years and have always actively avoided FAANG companies, and any and all paths that lead to corporate or management.
You’ll be better off dumping your cash into stock and shares.
The point though is that I ultimately don’t care for wealth. Stocks and indexes would be playing into the same billionaire game that I would be trying to steer away from (albeit an impossible feat to dodge entirely).
I would probably use it in local governments to provide housing and better shelters for the poor; donate to programs that help children in underrepresented communities; buy materials for schools; contribute to mental health services and police reform (through community-lead programs).
Suit yourself.
You fool. You pay taxes on stock gains once they’re sold. You can write off donations… YOU are the one that would end up enriching the government with your money…
Well, if we’re talking about me specifically, then I don’t live in the US and I don’t pay CGT. When I get my profits, I get 100%.