You got to love how this works. This is like triple dipping for the IRS.
So I buy something with my after tax money.
The item I buy, has tax on it that I have to pay.
So I've already paid a lot of tax on this purchase technically. Now when I go to sell it, I'm getting taxed again if it's over a certain threshold. Even if I am selling it at a loss, the government still wants to tax me for the item that was already mine that I paid taxes on that I paid with money that had been taxed already.
That whole lot of taxes.
Then I will buy something else that I will have to pay taxes on also.
The IRS is a government-funded program that is paid for by my taxes. To make sure I pay my fair share of taxes. ....