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Started By
Message
re: 228% return in 3 months
Posted on 4/23/08 at 9:34 am to KosmoCramer
Posted on 4/23/08 at 9:34 am to KosmoCramer
quote:
and pay short-term capital gains tax which would be pretty large on income of $1mil
About $630,000.
63%? I am no tax expert but I think you are a wee bit high with that figure.
2
Posted on 4/23/08 at 10:44 am to stout
quote:
63%? I am no tax expert but I think you are a wee bit high with that figure.
Ya, I thought that you just pay your regular income tax rate on short-term gains....and 15% on long-term (at least for the time being)
Probably about mid $300Ks would be taxes.
Posted on 4/23/08 at 12:00 pm to stout
If he made 228%, then 128% is taxed, which is 1.28 Million.
ETA: I looked at that an saw 1.8 Million. I'm dyslexic, whoops.
It's 448,000.
ETA: I looked at that an saw 1.8 Million. I'm dyslexic, whoops.
It's 448,000.
This post was edited on 4/23/08 at 12:34 pm
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