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0 pointspjc505y ago0 comments

Individuals are not taxed on a "profit and loss" basis.

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> Individuals are not taxed on a "profit and loss" basis.

Is it safe to assume you have no investments or save for retirement?

pjc50OP5y ago

I have those .. in their respective tax shelters.

(In the UK these are ISA and personal pensions, and on both I don't pay income tax. This vaguely corresponds to the 401k system)

j / k navigate · click thread line to collapse

> Individuals are not taxed on a "profit and loss" basis.

Is it safe to assume you have no investments or save for retirement?

pjc50OP5y ago

I have those .. in their respective tax shelters.

(In the UK these are ISA and personal pensions, and on both I don't pay income tax. This vaguely corresponds to the 401k system)

j / k navigate · click thread line to collapse