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To: Sawtooth who wrote (49892)11/14/1999 6:51:00 PM
From: Dooker  Read Replies (1) | Respond to of 152472
 
My capital gains of $100,000 would be offset by standard deductions, dependent deductions, mortgage interest on my house deduction, and a big margin interest deduction which, in my case married with two kids would reduce my taxable income to $45,000 . So my capital gains of $100,000 minus my deductions of $55,000 leaves me with $45,000, lowest tax bracket and therefore tax rate of 10% with no social security tax. Hard to beat.


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