DIYbanter - View Single Post - OT Taxes My Proposed Taxes Fairness Bill of 2012

HeyBub[_3_]

wrote:

There is only taxation involved if the capital gains stream came
from a business that involved profit that was being taxed. I think
what you're saying is that the business paid taxes over the years
so when the business or stock in the business is sold, the lower
rate is justified.

You could have capital gains from the sale of a house, land,
coins, gold, corn futures, etc that don't involve an income stream.

By the same token, selling an item on Craigslist for 1/2 its purchase price
can be a capital loss (taking into account depreciation, etc.).