Re: Capital Gains/Dividend rates
in response to
by
posted on
Jun 29, 2010 08:48PM
Better light a fire under DM, time is of the essence.
DM needs to use their Dynamic Match to do it. DB I am just kidding.
The long term capital gain is taxed at 15% and it will go to 20% soon most likely in 2011 or 2012. IMVHO.
Ths regular dividends is taxed as ordinary income which in the mean time for top or higher income tax brackets individuals can be now as much as 35%, I think the maximum tax rate is scheduled to go as high as 39.6% also either in 2011 or 2012. IMO
and since with higher income you start loosing more benefits of you allowable itemized deductions the rate will be well over 40%.
so speed is one of the elements that we will need now for all of us longs if things will go our way so we can pay a little bit less taxes now rather than paying more in future years.
FWIW JMHO
GLTA I do hope the Markman will go in our favor ( God willing) so the settlements will start rolling one by one or as a group. the next six months will be very interesting as things start to unfold.
Best wishes to all