at 20%-25% tax rate you are being taxed on profits(income) like workers on median income or less.
you are lucky to be receiving lower tax rate than the rest of taxes that the middle class workers have to pay 40%
large portion of taxes just go to pay the interest on the gov't debt only...
the US gov't is basically broke.
they like to tax the billion dollar mutual fund and hedge funds. who don't create any jobs. but paper wealth
Let's put it this way. Simple common sense would dictate that if we increase the capital gains rate to 90%, very few are going to be...
people lost their jobs..
so they can't make mortgage payments
so they sell
i don't care if interest rates are 1% ,,,can't get a 10%downpayment to buy the house or apartment if you have low income or no job.
you have to understand bank stocks are as conservative and defensive as bonds.
May 2 (Bloomberg) -- Fidelity Magellan Fund bought financial stocks including JPMorgan Chase & Co. and Bank of America Corp., leading to the $39.4 billion fund's biggest monthly gain in five years.
Manager...
and btw, majority of people lose money or 80% so they don't have any capital tax gains.
only ones who have capital tax gains are hedge funds who make millions.
if you don't sell, you don't have to pay any capital tax gains.
and for investors who hold on the securities for less than 2 years or under a year,,,they are not investors.. they are traders.
market makers are bucketing your trade in afterhours and regular hours.
yes, there are newbies who actually think the bids and ask are real bids in after hours and weekends in the fx.
that is why i think wall street is 'sleazy' they are always look for a new sucker to be born...
telling your friends that is like telling your friends you play blackjack for a living. you get no respect.
it's not respectable or noble profession considering all the scams in the market.
i'm even disgusted with all the scams and criminal activity. and hyprocrites of the FED and SEC.
no free lunches....consumers pay for higher prices everywhere.
consumers were ripped off during the housing bubble. and now can't even pay the interest on overpriced homes they paid for.
low interest rates aren't the reason people buy houses,,,it's jobs with high oil prices business and...
The US gov't has a trillions in debt!
Ben is selling off America and making Americans pay for the war with rising prices in oil and food.
All debts must be paid one way or another and Americans are paying the price in the gas pump and gas stations and they overpaid in houses during the...