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Funny how great IRA's and 401-K's where suppose to be when they first came out. Take a tax deduction now and let your money grow tax free, then pay a lower tax when you retire. Whoops, guess what now that the we're retiring we're finding out we're in a higher tax bracket that will go higher. Also we wouldn't pay th...more
Again, people keep talking about investing in the stocks to help companies create jobs. The only time (in most cases) a company makes money from the stock market is with an IPO. After then it's the investors that make or lose money. You talk about selling a company or a house, the profit is still untaxed income aft...more
I do not understand how capital gains are taxed twice. Here's my view. I buy stock for $10 then sell it for $20. I have a capital gain of $10. The company whose stock I bought had little to do with my $10 gain. The gain was based on what I was willing to sell for and someone else was willing to pay. Yes I paid t...more
2/2/2012
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