Quote:
Originally Posted by DownhillGoat
Could be. I thought gains were capped at 30% (of 50% of the gain). Apparently I was mixed up with something anyway. Glad I found that out now actually that changes some things for me for next year.
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To top it all off there are a lot of people in the tax profession who think this 50% rate is going to move up to 75 - 100% sooner rather than later. Up till 2000, it was 75%.