Replies to post #3086 on Valcom Inc (fka VLCO)

[GREGG THE GREEK]

I know capital gains is 15% but not sure about when it is changing

You have to pay other taxes, other than capital gains where u live?

I did not know any other taxes applied. Don't recall ever paying anything other than capital gains.

[TreasureCoasting]

Yes that's true my friend, you could give back perhaps up to half to the tax men depending on where you live and your tax bracket if sell Short-term.

Fed Long-term Cap Gain rates increase from 15% to 20% in 2013 for most folks. Also add in State Cap Gain Tax where applicable.

Wikipedia has a nice table: http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States

The point being is that if you profit in long term you'll keep more in your pocket if you hold at least a year.

A swing trader might book more upside profits by buying and selling repeatedly with S/T trades but will likely give a bigger piece of it back to the IRS.

I'm patient and expect to hold L/T. I might pay back my initial costs S/T but right now I'm looking for more buy opportunities.

I think VLCO is a rare gift but I'm often wrong. We'll see.