Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


+4
lonelyintexas
ron-man
duck2000
jbigg
8 posters

Tax Question

jbigg
jbigg
Getting It Investor
Getting It Investor


Posts : 26
Join date : 2013-01-01
Age : 69
Location : Deep East Texas

Tax Question Empty Tax Question

Post by jbigg Thu 28 Mar 2013, 10:20 pm

Does anyone know if, (if we cash in within the next few monts) we get the long term 15% or has Obama changed all that?
duck2000
duck2000
Interacting Investor
Interacting Investor


Posts : 2934
Join date : 2012-12-21

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Post by duck2000 Fri 29 Mar 2013, 3:19 am

i beleive it has gone too 20% at first of year!
ron-man
ron-man
All In Investor
All In Investor


Posts : 1295
Join date : 2013-01-19

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Post by ron-man Fri 29 Mar 2013, 5:20 pm

I think the 20% is right but does anyone else have any info. thanks
duck2000
duck2000
Interacting Investor
Interacting Investor


Posts : 2934
Join date : 2012-12-21

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Post by duck2000 Fri 29 Mar 2013, 5:56 pm


Tax Years 2013-


Income Tax Rate

Short-Term Capital Gains Tax Rate

Long-Term Capital Gains Tax Rate
10%
10%
0%
15%
15%

0%
25%
25%

15%

28%

28%

15%

33%

33%

15%
35%35%15%*
39.6%39.6%20%*
*There is also an additional 3.8% surtax on investment income if your adjusted gross income is more than 200k (individuals) and 250k (married filing jointly) with obamacare in 2013

Capital gains and losses are reported in the year the sale of the asset occurred. Capital losses may reduce taxable income up to $3,000 annually. If capital losses exceed the allowable deductible amount for the year, they can be carried over to the next year.


Read more: http://www.backtaxeshelp.com/tax-blog/filing-taxes/capital-gains-rates.html#ixzz2OyLJc1VQ
ron-man
ron-man
All In Investor
All In Investor


Posts : 1295
Join date : 2013-01-19

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Post by ron-man Fri 29 Mar 2013, 7:05 pm

Thanks Duck,so I guess it is a 18.8% if I'm reading this right.
jbigg
jbigg
Getting It Investor
Getting It Investor


Posts : 26
Join date : 2013-01-01
Age : 69
Location : Deep East Texas

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Post by jbigg Mon 13 May 2013, 5:37 am

Thanks Duck. Just now got back to this....
lonelyintexas
lonelyintexas
NNP TEAM
NNP TEAM


Posts : 4285
Join date : 2012-12-19
Location : San Antonio

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Post by lonelyintexas Mon 13 May 2013, 2:27 pm

With the upcoming windfall, all of us will be in the 39.6% tax bracket. So it would seem plausible that the following would be.
20% Long Term Capital Gains Tax
3.8% Obama Tax
.9% Millionaire Tax
So 24.7% for cashing in at this point, unless they change the process.
Thanks
LIT
notazbad2000
notazbad2000
NNP TEAM
NNP TEAM


Posts : 5129
Join date : 2012-12-19
Age : 59
Location : The Sunshine State

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Post by notazbad2000 Mon 13 May 2013, 3:27 pm

I think I could live with these numbers. Even if I couldn't...I would be forced to!


Last edited by notazbad2000 on Tue 14 May 2013, 5:01 am; edited 1 time in total


_________________
TAZ

The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
Martin Luther King Jr., Strength to Love, 1963

ron-man
ron-man
All In Investor
All In Investor


Posts : 1295
Join date : 2013-01-19

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Post by ron-man Mon 13 May 2013, 8:53 pm

Yes we could all live with this as long as it does what we hope for.
costar01
costar01
Getting It Investor
Getting It Investor


Posts : 51
Join date : 2012-12-22
Age : 70
Location : Reynolds, Ga

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Post by costar01 Tue 21 May 2013, 9:30 pm

Cash in enough to wait and vote the current thiefs out of office, and try to vote in someone who wants the people of the USA to win and profit for a change! Twisted Evil

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