Replies to post #7554 on The Fight Zone, Inc. (TFZI)

[Pipa]

I know...It's amazing, people still can't figure taxes...
It's a percentage!!!!!...not the whole amount.

[ib12u]

The Taxable Income "IS" the tax owed.. -Wink-Wink! Per my Turbo Tax Advisor...

No matter how you slice it, capital losses are claimed and taxes owed is lowered accordingly.

Except in my case, I'm exploiting this "PINK" loophole for the opportunity to turn what I'll be owing the IRS anyways, into a profit, rather than sit (Do nothing), and wait for the IRS Bill.

Ever so kindly.

>6^}