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Originally posted by Copier Addict
Exactly!!! And Musk, don't forget him. It's good to see we are on the same page, Slim👍 1Leave a comment:
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[QUOTE=Copier Addict;n1609873]It's okay if you don't understand. Still time to learn.Leave a comment:
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[QUOTE=BillyCarpenter;n1609871]
Carney has already cut Capital Gains. Do you even know what that is?
/QUOTE]
That's rich, coming from someone who doesn't even know how tax brackets work.
Leave the complicated stuff to the adults, Skippy.Leave a comment:
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By the way, here's how to avoid Capital Gains. Lets say a billionaire has billions in stocks. If he sells those stocks he would take a big big hit in taxes. Instead, he borrows money against those stocks @ lets say 6 percent interest and avoids the 60 percent capital gains tax.Leave a comment:
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Almost everything you own and use for personal or investment purposes is a capital asset. Examples of capital assets include a home, personal-use items like household furnishings, and stocks or bonds held as investments. When you sell a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss. Generally, an asset's basis is its cost to the owner, but if you received the asset as a gift or inheritance, refer to Publication 551, Basis of Assets for information about your basis. You have a capital gain if you sell the asset for more than your adjusted basis. You have a capital loss if you sell the asset for less than your adjusted basis. Losses from the sale of personal-use property, such as your home or car, aren't tax deductible.Leave a comment:
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Explain the loop holes?Leave a comment:
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Originally posted by Copier Addict
That's because his main goal here is to raise more money for his huge taxpayer funded handouts for the ultra wealthy. And he is doing it on the backs of his followers. And they are cheering him on.Leave a comment:
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