Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: WhatsUpWithThat who wrote (7109)	4/15/1999 8:20:00 PM
From: Rob Davis	Read Replies (2) of 62347

Technically you don't really lose 25% off the top. You only lose 12.5%. Consider $100 in gains. (Assume 50% tax bracket for both cases.) For capital gains, you pay 50% of $75 or $37.5. Leaves you with $62.5 dollars. If treated as income, you pay $50 which leaves you with $50. Therefore you only lose 12.5% by claiming it as income. Buckey, if you can post the link to the taxes page that you have, I'd sure appreciate it. Cheers, Rob

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