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Since then, the concept that income comes only from proceeds — when gains are “realized” — has been the bedrock of the U.S. tax system. Wages are taxed. Cash dividends are taxed. Gains from selling assets are taxed. But if a taxpayer hasn’t sold anything, there is no income and therefore no tax. part time job openingOriginally from Strongsville, the 25-year-old college graduate lost a bartending job in Columbus during the pandemic. So, he moved back to Northeast Ohio, where it’s cheaper to live.
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