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Strategies & Market Trends : Ride the Tiger with CD
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To: 3bar who wrote (56649)7/8/2006 4:00:09 PM
From: kacy_in_LA  Read Replies (1) of 313009
 
Give away the stock itself ... at least in the U.S., you get the deduction for charitable giving on the actual market value of the stock, but you don't have to report the capital gains on those give-a-ways as income (or something like that).

Other than that, if the money isn't in a tax-deferred account, I think it would be hard to shelter it now if trading isn't/can't be claimed as your profession.

From my perspective, I am happy to hand over +25% of my gains to Uncle Sam, as that means the other 75% was new money ... it would probably cost me more than the 25% to hire my own militia, road construction crews, etc., etc.
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