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Re: Lucas Hood post# 104032

Tuesday, 10/18/2016 1:22:39 PM

Tuesday, October 18, 2016 1:22:39 PM

Post# of 235126
The 15% tax rate is only for long-term capitol gains (investments held for a year or longer). Those in the top bracket pay 20% (plus a 3.8% healthcare tax).

Short-term capitol gains (investments held for less than a year) are taxed as regular (work) income. So there is no advantage for these investments. Those in the top tax bracket pay 39.6% (the highest rate, plus a 3.8% healthcare tax).

Overall, the picture isn't so rosy for short-term capitol gains!