@traderjosefina wrote:
In fact I heard a report the other day that it's become an issue that retirees and the super rich who don't have much income but have huge gains aren't paying tax on the gains.
That is just not true. What is true is that tax rate on capital gain is lower than that of ordinary income (e.g., salary, wages, interest, et al).
Nevertheless, taxpayers with "huge gains" are paying tax on those gains.
See https://www.irs.gov/taxtopics/tc409
Also note, since you mentioned "plenty of losses", that capital gains and losses are netted so your losses will offset some or all of your gains.
