Actually that makes more sense? If you lose money on your investments, I suppose you can write it off next time?
You can write it off against future capital gains, but not against income tax from employment. So if the market is down a few years, you gain a lot of tax credits and you pray that the government doesn't get rid of those credits in the mean time.
alt Hacker News
You can write it off against future capital gains, but not against income tax from employment. So if the market is down a few years, you gain a lot of tax credits and you pray that the government doesn't get rid of those credits in the mean time.