Originally Posted by La literatura
I don't even know what that means. You can try to explain it to me, though.
Do you realize how capital gain taxes are ridiculously in favor of executives and officers whose primary compensation comes in the form of stocks?
It's simple. You make $1 million in capital gains the gov't gets 15% ($150,000). You lose $1 million you get to right off $3500. The gov't is happy to rape you on your gain, but you're on your own in a loss.