USA: Do I still file federal taxes if the federal government collapses?
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Yep, that is how capital gains works for everyone, including you and me. You pay taxes on them when you sell, when you have income.
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You are assuming you will still have a job, or that US dollars will still have value.
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Tesla has sold quite a lot, yet paid almost nothing in taxes. So obviously it doesn't work that way for "everyone".
https://itep.org/tesla-reported-zero-federal-income-tax-in-2024/
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Tesla is not Musk, yes companies are taxed differently than individuals. Notably by profit, not income.
Musk paid $11b in capital gains tax when he sold, that is how capital gains taxes work for everyone. Same as you and me.
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You and me cant use those unseen capital gains as collateral to buy a propaganda machine.
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I would love for the IRS go rogue and take out the mob boss at the top like the good old times.
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Buy an index fund (ex: VTI) and sit on it for a few years. You too will have capital gains.
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What with? My emerald mine money?
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A bit silly to go for VTI over VT, the US is in decline and international is accelerating.
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No, not every nation is Capialist. That's a misunderstanding of what Capitalism is or a redefinition of it to the point of uselessness as it becomes over-applied.
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They can't go over the people with a 300 page tax return that uses past paper losses to cover any actual income. They already automated enforcement of w2 based income.
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Yes even if you are dead you have to file taxes
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That’s why it’s death and taxes, not taxes and death.
