Just finished my taxes. 19k for the Feds and $1200 for NY. Maybe I should renounce my U.S. citizenship.
The thing that pisses me off the most is dividend taxes. In my brokerage account I always reinvest dividends in additional shares. Why should I pay taxes on money I'm not taking? The initial money invested is after tax to begin with and now you are taxing me again? And when I go to sell the shares in the future you are taxing me yet again??? In essence I'm getting taxed three times on the same damn money.
The thing that pisses me off the most is dividend taxes. In my brokerage account I always reinvest dividends in additional shares. Why should I pay taxes on money I'm not taking? The initial money invested is after tax to begin with and now you are taxing me again? And when I go to sell the shares in the future you are taxing me yet again??? In essence I'm getting taxed three times on the same damn money.