http://kdvr.com/2012/08/16/romney-on-ta … 3-percent/
So, this law professor, who apparently specializes in tax law, said this about Romney's tax rate:
... really, there are almost no words... except for WHAT IS WRONG WITH YOU!?!
According to this guy, Romney is using capital gains losses to keep his actual taxes paid low. Gosh, that's a brilliant strategy!
Let's illustrate:
You have 3 investments, all long term, will be taxed at 15%.
Facebook: $50 million loss
Apple: $75 million gain
Google: $25 million gain
With investments, you pay taxes on a trade the year you close the trade out. So let's say you think it's a good time to get out of Apple and Google. You realized $100 million in gains this year. You would pay $15 million in taxes, and keep $85 million for yourself.
But, brilliant strategist that you are, you decide to also sell your Facebook stock. Ouch, you have lost $50 million in that trade, so in all actuality you only made $50 million this year. You would pay $7.5 million in taxes, and keep $42.5 million for yourself.
Look at you! You decreased your tax burden! That option was much better than waiting for Facebook stock to regain value, right?
Seriously... how anyone could suggest that capital gains losses are a tax avoidance strategy... it's just beyond me.
by Ashukah 13 years ago
I haven't been contacting my exboyfriend at all since he broke up with me about three weeks ago. I did call him a couple of times to talk about our friend that recently passed away. He was the one who broke up by the way. Anyway, I was on Facebook earlier and I did not talk to him, but he started...
by Elayne 13 years ago
I was talking to a friend the other day and she mentioned she wouldn't friend her husband on facebook. She said she needed the Internet to be her little place where she could get away. But her husband thinks that it is part of marriage to share things and believes she should add him as a...
by JP Carlos 11 years ago
Would you post naked pictures of your child on facebook?Many parents post pictures of their children naked on facebook. Some are infants but some are already older. What do you think should be done about this?
by Glenn Stok 11 years ago
I think it would be useful to have a column added to the statistics page that shows the total number of shares for each hub (Tweets and Facebook likes). There is not enough room to add two columns. So this could be a sum of all tweets and all Facebook likes in one column labeled "Shares"....
by mio cid 6 years ago
Trump's strategy is so simple and so effective it makes it brilliant.He figured out early on that his base consists in its majority of simpletons and low information Fox News ,Rush Limbaugh, Sean Hannity followers. So all he has to do is make the most outrageus ,divisive even racist comments ,along...
by Susan Reid 13 years ago
So much for toning down the rhetoric. Not just Beck, but Beck's boss at Fox News are refusing to call off the dogs on this one.How a 1966 article about welfare reform could POSSIBLY be considered the cause of America's current economic collapse is beyond me. Then again, everything Beck says is...
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