Why does the government collect taxes on stocks?
Why does the government collect taxes on stocks?
For instance, we work full-time jobs, save money throughout the year by scarifying our needs, and then invest in stocks at our own risk. If we lose money, the government doesn’t compensate us, but if we gain something, we are required to pay taxes.
Why does it work this way? The taxes on stocks are very high, and I believe it’s unfair. Why does the government do this?
I am NOT AUS citizen, living here as a foreigner