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Re: CapnDon post# 26753

Saturday, 09/08/2007 4:52:56 PM

Saturday, September 08, 2007 4:52:56 PM

Post# of 86475
Thanks to you too Capt'n. See my question to MuchCompensation. If you pay capital gains tax are you still subject to federal and state income tax? I see that the capital gains tax is based on how long you hold your capital ( stock ). Can be 28% short term or 15% long term. Hopefully Uncle Sam only gets to take the bite out of you once.

BTW .... Sorry to hear about your back. Ya gotta cut down on the honey Do list and start watching more football!!!