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dennyduper

07/23/17 10:48 AM

#483124 RE: Bill48 #483119

Everyone needs to remember you still have your state's tax as well.

BBANBOB

07/23/17 10:56 AM

#483126 RE: Bill48 #483119

imho NOT IF we should get big money back here.

IMHO your tax rate will be based on your income for the year the income was received, so as for me, I'd be looking at a lot higher rate for all here.

UNCLE SUGAR(IRFKNS) is gonna make out well here TOO like $XXX,XXX from me IF IF IF 24 bill comes back here.
I did though as I suggested here in 2008, took my write off for my ORIGINAL losses here and bought back after the wash rule.
By doing that i ended up saving or offsetting aprox 35% of any taxable income I'd have on a return of 24 bill


Also my WAG is that UNTIL TRUMPS tax bill has been put to rest, they will take the chance and hold off on any payments being made until THEY KNOW FOR SURE his attempts to lower taxes didn't happen.
It has been stated by the admin that if if if they pass a tax bill it will be retroactive to INCLUDE the year it passes

UNCLE SAM LOVES MONEY TOO

Boris the Spider

07/23/17 10:42 PM

#483170 RE: Bill48 #483119

Cap gains, 15% up to $450K, then 20% for anything above that, per year. Plus you have to pay state tax and 3.8% obamacare tax.

This week will prove to be very interesting.