10-27-2008, 09:01 PM
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#40
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Banned
Join Date: Jun 2008
Location: Monstropolis
Casino cash: $10004900
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Quote:
Originally Posted by Bootlegged
Jesus - how f'n stupid are you?
Have you ever bought a stock? I guess not..
Let me give you an example you may understand - but probably won't.
You buy 100 shares of "WMT" Wal-Mart at $45/share. You sell the stock 3 years later when its at $80/share. You've made $3500 because you A.) did your homework on a good company and invested in it B.) took a risk with your hard earned money C.) Considered the market timing and thought it was a good investment.
So you made $3500. Then tax time comes. Instead of paying your current 15% share of capital gains tax ($525), you will pay the new Obama tax of 29% ($1015).
Why? Because you took your hard earned money - risked it - and are a capitalist. Obama would like you to pay twice that amount.
So when Wayne says he needs to sell - extrapolate that out to his 100's of millions for the Dolphins. Why would he want to give that to Obama to spend on his "programs"?
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Warren Buffet
GAME OVER
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Posts: 1,214
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