Imagination TV Inc. (IMTV)

[joey11]

Thanks Perchy, I since read up on capital gains and never knew how many ins and outs there are in tax consequences on selling before the one Year from date of purchase. So the gest is, anything over your initial investment when stock is sold is taxed at you personal income tax bracket if sell before one year has elapsed from time of purchased the stock which is usually 30% tax. If hold stock more than one year from time of purchase this stock and then sell you only pay 15% taxes on the gains! So these ppl that dump stock within year of purchase and buy back in to get more shares have to pay 30% tax on gains with the chance on not get back in at a lower price. Then there is the wash rule.. Wow, that is why it make ICPA even a more long term investment for me.. Thanks Perchy for bringing this to light. I am no accountant guess that is why I went into medicine... Lol cheers to ICPA'ers!!!