Not a tax guy, and I don't play one on TV!
But "I've heard" that the capital gains test is determined by the age of the holding of the stock, and each transaction stands on it's own merit. The hold time has to exceed 365.25 days, or exactly one calendar year, then the tax is 'suppose' to be significantly less.
It used to be a flat 15 percent, but hat got fouled up in that health care plan fiasco that past 8 years ago! We traders were to pay for
everybody's health insurance! What a crock!
That law also crated an environment where the Russel 2000 averages 32% taxes but the Fortune 500 taxes out at 26%.
Well Go Fly a Kite! - that sounds fare (not fair!) to me - the smaller companies carry the brunt of paying for *everybody's* health care - What a great idea!
Oh- wait! The smaller companies create jobs for 80% of American workers!!!? Not anymore - they are taxed to death. Has anybody figured out our unemployment rate is being fudged, and we don't really "make" anything in America anymore? Except for RMHB.
Our products and the spring water is made in America!
Sorry everybody - tax questions trigger my knee jerk reaction about ... well... tax questions! Ha!
RMHB Long and Strong!
But "I've heard" that the capital gains test is determined by the age of the holding of the stock, and each transaction stands on it's own merit. The hold time has to exceed 365.25 days, or exactly one calendar year, then the tax is 'suppose' to be significantly less.
It used to be a flat 15 percent, but hat got fouled up in that health care plan fiasco that past 8 years ago! We traders were to pay for
everybody's health insurance! What a crock!
That law also crated an environment where the Russel 2000 averages 32% taxes but the Fortune 500 taxes out at 26%.
Well Go Fly a Kite! - that sounds fare (not fair!) to me - the smaller companies carry the brunt of paying for *everybody's* health care - What a great idea!
Oh- wait! The smaller companies create jobs for 80% of American workers!!!? Not anymore - they are taxed to death. Has anybody figured out our unemployment rate is being fudged, and we don't really "make" anything in America anymore? Except for RMHB.
Our products and the spring water is made in America!
Sorry everybody - tax questions trigger my knee jerk reaction about ... well... tax questions! Ha!
RMHB Long and Strong!
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