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kagey1

08/25/10 9:49 AM

#89341 RE: Penny59 #89339

Sorry for my poor explanantion, but since short term capital gains are taxed as ordinary income I don't generally consider them capital gains even though technically they are. It's just my own internal metric to differentiate from long-term capital gains taxed at 15-20% and short-term capital gains taxed as ordinary income. My bad.