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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (50501)5/26/2009 10:37:48 PM
From: carranza2  Read Replies (2) | Respond to of 217518
 
Mq, I don't understand.

Unless I am very mistaken, there can be no capital gains taxes on simple paper gains.

The capital gains are taxed in the year in which profits are monetized. Most prudent persons set aside enough of the gains to pay the taxes. Sounds like your friend failed to do that.



To: Maurice Winn who wrote (50501)5/27/2009 9:40:30 AM
From: average joe  Respond to of 217518
 
I have little sympathy for their "plight", and as a taxpayer, I have little interest in underwriting their speculation failings.


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