The Market Thread

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Bowers2

Stackin' Joe's Cups
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Jul 31, 2006
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Whatever your tax policy preference as far as percentage, does anyone still think that there is a legit reason for cap gains to be taxed differently from regular income??
I'll say that I think cap gains should be taxed differently than regular income, but I don't believe regular income should be taxed at all so...
 

LS1 Z28

Territorial Marshal
Oct 30, 2007
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Whatever your tax policy preference as far as percentage, does anyone still think that there is a legit reason for cap gains to be taxed differently from regular income??
Short term capital gains are taxed at the same rate as regular income. Long term capital gains have always been taxed at a lower rate to promote long term investment and stability in the markets. That's true here and throughout the world.
 

gogetumpoke

Banned
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oks10

Federal Marshal
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I'll say that I think cap gains should be taxed differently than regular income, but I don't believe regular income should be taxed at all so...
"I personally like paying taxes anytime I buy goods with my already once taxed dollars and then, if I choose to invest those taxed dollars, getting taxed again when I make a profit from risking my taxed dollars."
- No one ever
 

bleedinorange

Federal Marshal
Jan 11, 2010
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Close, very close
Interesting edit. I personally don't look at investment strategy and market timing as the same. If enacted the Biden capital gains proposal will definitely change my investment strategy. My leaning will be more towards stocks to buy and hold and dividend stocks.

Growth stocks with high PE's will become a much smaller part of my portfolio. The risk to reward ratio will change when I have to share more of my gains with Uncle
.
I started this shortly after Biden won. It made sense, particularly at my age. I'm now officially a dividend wh0r3.
 

steross

he/him
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Mar 31, 2004
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I'm one step ahead of all you idiots.

I'm taking heavy losses now, far beyond my $3000 per year limit before carryover. That way, when Biden changes the tax laws and raises capital gains taxes, I'll start making profits. But, I'll have all these carryover losses from back when Trump taxes were low to offset. See, high cap gains won't hurt me a bit like it will the rest of you.
 

jobob85

Drunkle
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Mar 11, 2009
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I'm one step ahead of all you idiots.

I'm taking heavy losses now, far beyond my $3000 per year limit before carryover. That way, when Biden changes the tax laws and raises capital gains taxes, I'll start making profits. But, I'll have all these carryover losses from back when Trump taxes were low to offset. See, high cap gains won't hurt me a bit like it will the rest of you.
I sold any position last March that was in the red. Harvested the losses and paid no 2020 taxes.
 

steross

he/him
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It is very interesting that AAPL had blow-out earnings (how does a $2 trillion market cap company have a 54% increase in revenues?) yet their stock, despite basing since August and looking poised for a huge breakout, has actually dropped a little since earnings.

AMZN today also had crazy good earnings. And, yet despite being up 3% pre-market, is also starting the day paring that back and is now up a little over 1%.

Have we gone from an ignore-bad-news-because-things-will-get-better and the Fed will protect us to a good-news-is-already-priced-in type market?