> since what they know about many individuals is incomplete
No, for most individuals it is complete. Most people don’t own stocks directly (only an estimated 21% do)[1], and the ones who don’t are not probable to deal with complexly taxable transactions as the norm.
No, for most individuals it is complete. Most people don’t own stocks directly (only an estimated 21% do)[1], and the ones who don’t are not probable to deal with complexly taxable transactions as the norm.
[1] https://www.axios.com/2023/10/18/percentage-americans-own-st...