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Posted: 2/7/2002 6:52:03 PM EDT
Link Posted: 2/7/2002 7:07:22 PM EDT
Capital Gains baaaaaaadddddd!!!!!!!!
Link Posted: 2/7/2002 7:25:27 PM EDT
[Last Edit: 2/7/2002 7:53:32 PM EDT by flashman]
Edited to add “What the hell is wrong with you Flashman? Didn’t you see the phrase [b]non primary[/b]? Ah, no. Missed it completely. Must pay attention!
Link Posted: 2/7/2002 7:46:13 PM EDT
Actually capital gains are very good. If the capital gains are long term and based on the sale of investment securities, the maximum tax rate is only 20% whereas the max rate for ordinary income is almost 40%.
Link Posted: 2/7/2002 8:12:46 PM EDT
Capital Gains? Whats that? I've never had capital gains.
Link Posted: 2/7/2002 8:15:57 PM EDT
Last I knew it was 28% for anything held under 16mo and 20% over 16mo... I have a CPA to do all this crap for me because I do NOT want to fvck with the IRS.
Link Posted: 2/8/2002 4:55:24 AM EDT
Capital Gains SUCK BIG TIME. Nothing worse then paying more tax on money you have already been taxed on. I hate seeing the 1099's come rolling in.
Link Posted: 2/8/2002 9:40:01 AM EDT
In 97 changed max Capital Gain to 20% assuming held more than one year, if it is held less than 1 year it is treated as ordinary income.
Link Posted: 2/8/2002 6:56:52 PM EDT
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