Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (514645)	10/17/2012 11:28:34 PM
From: i-node	6 Recommendations Respond to of 794233

>> I'm not a trader, but perhaps someone else here can address taxes for those who are. There is pretty much zero chance that short-term capital gains would be taxed more favorably than ordinary income. It has been long-established that favorable treatment for long-term gains spurs investment. But short-term capital gains have never been given favorable treatment for tax purposes, and in fact is the least-favored category of income (since they are taxed as ordinary income and losses are limited by the capital loss limitation). There have been times in history where the LTCG holding period was shortened to as few as six months; however, if you held the asset one day short, you still got hammered on the STCG. The point is, one can reasonably certain that when Romney or Obama talks about the tax treatment of "capital gains", they're talking about long term gains. There is no precedent, nor is there any motivation, for the taxation of STCG favorably.