Thread: Life Income Taxes
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Old 01-28-2009, 04:45 PM   #97
Chief Henry Chief Henry is offline
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Join Date: Aug 2000
Location: IOWA
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Quote:
Originally Posted by Stewie View Post
Capital gains on stock investments are even more ****ed up. Everyone thinks it's a great deal you only pay 15% on gains but what they don't realize is there's no corresponding capital loss.

You make $1,000,000 on a flying stock you pay $150,000 in taxes.

You lose $1,000,000 on a crappy stock the max you can deduct is $3,000 per year. Yeah, that's fair.

Washington makes the rules and Washington sees that they are the winner every time... unless you're a bank who made stupid decisions. Then we'll just give you taxpayer dollars. It pisses me off.



Stewie you've nailed it right here.
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