Replies to post #38758 on Pilgrim Petroleum Corp. (PGPM)

[Icy_CT]

LMAO thanks we need this for sure!

[Chiron]

Take some losses on other stocks from previous years to balance it out. Let's hope Trump reduces short term gains to a flat 15% rate.

[TGOO]

LOL... i was just checking the tables light night for the ST Gains...I'm ok with the 39.6%, maybe less once we give some to charity...

[$mart_Dinero]

If I didn't have taxes on my normal job wow that would be nice. Getting half your money taken away sucks.

[skichic]

I think the top brackets may drop 10% or so in 2017. That said if PGPM PPS goes to the level I think it will most of us will likely hit the 35%+ tax bracket, based on 2016 rates. A nice problem IMO:)

[penn_e_pincher]

Under current tax rules if you've been holding 1 year or more, and you're tax bracket is 25% to 35%, then you will only pay 15% on your capital gains. If you're in the highest tax bracket, 39.6%, you'll pay 20% on your long term capital gains. See "other investments" column here:

https://en.m.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States

[ChillinZX]

I remember going from 15% to 25% due to a small raise years ago, I actually ended up with thousands of dollars less then before my raise!