2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 382.95

-0.8%

4:00 PM EST

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To: Follies who wrote (64877)	7/25/2010 8:34:59 PM
From: Snowshoe	Read Replies (1) of 217740

>>there is no gain with capital gains<< There are two components: inflation and real gain. It's politically impossible to eliminate this tax, and horribly awkward to index gains for inflation. The pragmatic solution is to have a low cap gains tax rate, and the gold lobby should be pushing to scrap the special high cap gains rate on "collectibles" like gold bullion. It makes no sense to have a higher rate on gold bullion than on a gold mining stock. I agree that the vast expansion of 1099 reporting is absurd. But I'm just LOL about some gold bugs who, I strongly suspect, thought they could avoid paying cap gains tax.

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