Replies to post #104032 on Zerify Inc (ZRFY)

[tthutch]

Jucas,

My friend you need to read the IRS publications on SHORT TERM and LONG TERM capital gains.

You are about to be in for a very rude awaking.

[slowmethod]

quick tip for ya...you might want to pay a CPA to do your taxes.

[zatafour]

It's only 15% if you hold for a minimum of a year.... Otherwise it's 39% plus they are both assessed a 3% obamacare tax...

[learningthetruth]

NEGATIVE LUCAS HOOD: Short-term capital gains tax rates apply to gains on the sale of investment that you owned for a year or less. You'll pay your ordinary federal income tax rate on short-term capital gains, and that tax rate depends on your income-tax bracket.

[riskreward007]

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!