A close acquaintance made quite a bit of money with stocks. 5 years of work life. The money gathered, so I started to think. It was difficult to say that it was a jaetech because of the amount of money that would be held in the hand as a regular deposit or savings interest. Apart from the debate on whether it is desirable to take real estate as an investment, the house was too expensive to buy. The realistic option was the stock market. I created a securities account and transferred the money accumulated in my paybook. Whether it is luck or skill, last year, which was the first year of investment, earned about 5 million won. I have confidence. Last year, I received credit loans as much as my investment. It is said that it is earning 37 million won this year.

On the 25th of last month, the government announced that it would pay taxes on profits to so-called ant investors.* Instead, they said it would lower the transaction tax a little. I hit the calculator right away. This year, I paid about 340,000 won as the transaction tax. If the tax changes, the transaction tax will be reduced to 200,000 won, but I will have to pay an additional transfer tax of 3.4 million won. Three years after the revised rules apply, if you make the same profit with the same investment, the details will increase more than 10 times.
*At the time of the first announcement, the government announced that after applying a 20 million won deduction on the gains on the transfer of listed stocks, it would tax 20% on the excess of 300 million won or less and 25% on the excess of 300 million won. The transaction tax levied on the total amount of the transaction was decided to decrease from the current 0.25% to 0.15% by 2023.

These ant investors are around. According to the government, 5% or 300,000 of all individual investors are earning more than 20 million won a year. The government also anticipated backlash from investors targeting an investment income of more than 300,000 and more than 20 million won. The logic prepared by the government was the equity of tax. The tax principle of taxing where income is located was not applied to equity investment. In the view of reorganization for tax increase, the number of taxes was reduced due to the reduction of transaction tax, and the total tax was not increased.


It could also aim to stabilize the overheated stock market. As of yesterday's closing price, KOSPI recovered to 98.3% at 2,228.83, the highest this year, at 2,267.25. There is a big gap between the real economy and the mess. Corona 19 affected exports to 10.9% in June, down to $39.2 billion. For this reason, Korea's forecast for growth this year, which has already turned negative, has been lowered again. Experts interpret the surge in stock prices not as a response to the recovery of the real economy, but as a result of the massive flow of liquidity funds to go. It also means that volatility is inevitable and that it is not strange when it falls. It is not unique to Korea. The US and Chinese stock markets are even worse. Many voices warn of irrational overheating and bubbles over the Nasdaq Index and Shanghai Composite Index, which were higher than before Corona 19.

However, on the 17th of the three weeks after the government announced, President Moon Jae-in said, "The financial tax reform should not be a way to shrink the stock market or discourage individual investors." He also said that we should support individual investors and revitalize the stock market. Originally, the order was reversed. Nothing has changed in the meantime. The tax principles were still in effect and the stock market was still overheated. This is why they are criticized for being ``pushed against opposition'' and ``to embrace the young generation who are supporters.''

Today, another five days later, the government announced a revised financial tax reform plan. Taxation standards have been relaxed. The amount of the transfer tax deduction has increased to 50 million won. So, even if you make money with stocks up to 50 million won a year, you don't pay the transfer tax. As the government reconsidered, it is said that individual investors who earn more than 50 million won a year are about 2.5% and 150,000 people. After President Moon's'ant cheering' statement, 2.5% of ant investors were excluded from taxation. People who make 20 to 50 million won a year by investing in stocks. The question is whether the government should reduce the burden on taxes while hindering tax equity, which was mentioned by the government. The question becomes even bigger when considering whether or not the stock market will be encouraged in this situation.

Taxation is a natural distraction. When the income tax rate rises, you work less, and if you tax your financial investment income, you work less. Taxation can't be rooted to do something harder by nature. Nevertheless, if you are taxing and increasing, you must support the principle that you cannot move. We need to aim for the values ​​agreed by society, such as closing the income gap. Let's think together whether the revised stock tax reform plan is based on these values.