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!
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 Christin Sander 3 weeks ago
Hi there, I decided several weeks back to move one of my niche sites onto the maven platform, but I am kind of unsure now whether to go ahead or not. Has anyone who has moved over officially let me know their experience so far? I have a few concerns. First of all, I have come to...
by mio cid 13 months 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 GA Anderson 7 months ago
Thanks to IslandBite's link to Mueller's Committee indictment: https://www.justice.gov/file/1035477/download I am offering what might be a rant.The Russian "meddling" effort was brilliant! They used technology and our own principles of Rights and open Democracy against us. And they...
by Abdus Salam 3 years ago
If someone give you 10 million dollar, what will be your spending plan?Someone ask me the question. Please Answer this question. thanks
by Glenn Stok 6 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 Susan Reid 7 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...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|