2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.87

+0.4%

Nov 11 4:00 PM EST

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To: Elroy Jetson who wrote (8421)	8/20/2006 12:48:16 PM
From: Maurice Winn	Read Replies (3) of 217700

Being a share trader triggers capital gains taxes. All I have to pay on QCOM is dividend tax. No capital gains tax, even if I sell. But that's going to change and 5% of the market value of assets will be taken every year, irrespective of dividend or paper capital gain. It's an absurdly high tax and will force investors to do something. Leaving the country won't be out of the question for many. After deducting tax of unrealized income of 5% each year, then inflation of about 4% or 5% in NZ, there isn't much left from any normal sort of investment. There would normally be a deficit. That's even without risk being included. Buying gold and putting it under the bed would be better. Groan. I can't believe I wrote that. Mqurice

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