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Re: smokestack post# 28671

Tuesday, 04/27/2010 9:04:39 PM

Tuesday, April 27, 2010 9:04:39 PM

Post# of 111215
I'm no tax attorney and don't know the tax code. But yes, two years from now you'll undoubtedly pay more than this year. But regardless of that you will pay 35-40% on short term gains tax as compared to 15% for long-term gains tax. Those percentages will probably remain in place, or thereabout. So either way, holding your shares for 12 mos. or more will be a much, much better deal for you in the long run, regardless of your income tax bracket.

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