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Politics : Welcome to Slider's Dugout
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To: Box-By-The-Riviera™ who wrote (4146)12/14/2006 9:12:06 AM
From: c.hinton  Read Replies (1) of 50735
 
do you fill out your tax form using prices taken from charts?
.... and speaking of taxes have you taken into account that in selling gold ,if you declare,you pay 28% no matter how long you held it .
if gold goes up 10% over the time you hold it your profit is only half of what the chart would have you believe and then you have to pay 28% of that in taxes.
If foreign exchange goes up 10% take away 2 percent commish add in 4_5 % interest earned.then take away the taxrate that applies to you and see the difference in overall return.
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