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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (4938)	1/18/1999 10:52:00 PM
From: zora	Read Replies (1) \| Respond to of 56535

Hey Canuck Dave, While I was born a Yankee (Detroit), I now live in Texas. You see we consider ourselves not only a state buy a separate country. <g> As far as your question on capital gains...we are taxed on all our net capital gains. The tax rate depends on weather it is short term (12 Months) or long term. Short term rate is our regular income tax rate while long term is generally 10% less then our regular rate. I think 39% is the top rate. We can carry anything over $3000 lost to the next year until it is used up. And yes I worked today too. zora