Capital gains are income. That is why they are taxed.
You are not taxed for your basis. So yes, you bought the asset with after tax money, and you are not taxed on that amount of the purchase price.
Capital gains are income. That is why they are taxed.
You are not taxed for your basis. So yes, you bought the asset with after tax money, and you are not taxed on that amount of the purchase price.