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Re: biosectinvestor post# 294130

Wednesday, 07/08/2020 7:14:06 PM

Wednesday, July 08, 2020 7:14:06 PM

Post# of 687035
Tryn, I agree on taking the biggest loss to get the biggest deduction on income to reduce taxes, which also means you’ll sell fewer shares to snag the loss.

Hoping you haven’t bought any shares in the last 30 days or you’ll have a wash sale and can’t deduct the loss this year.

Remember you can only deduct $3000 a year in net capital losses, though you can carry the excess loss forward and use the remainder next year.

Why are taxes so complicated?

Oh yeah, never mind, I remember—we live in an civil oligarchy that is set up for tax avoidance by billionaires. You’ll know you’ve made it when to have a team of tax accounts working for you full time.


The common thread for oligarchs across history is that wealth defines them, empowers them, and inherently exposes them to threats. The existential motive of all oligarchs is wealth defense. How they respond varies with the threats they confront, including how directly involved they are in supplying the coercion underlying all property claims, and whether they act separately or collectively. These variations yield four types of oligarchy: warring, ruling, sultanistic, and civil. Oligarchy is not displaced by democracy but rather is fused with it.

Cases studied in this book include the United States, ancient Athens and Rome, Indonesia, the Philippines, Singapore, medieval Venice and Siena, mafia commissions in the United States and Italy, feuding Appalachian families, and early chiefs cum oligarchs dating from 2300 BCE.



https://www.amazon.com/Oligarchy-Jeffrey-Winters/dp/0521182980/

Very well documented and reasoned book.




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