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Financial Planning / Tax Strategies


Subject:  long/short term capital gains Date:  12/13/1999  8:16 PM
Author:  chriscs Number:  23047 of 127611

I was reading on one of the portfolios that when stock is sold when held less than a year, it's taxed at a person's normal tax rate. I thought when it was sold less than a year, it could be taxed at 28%? I don't know why I think that, it was just stuck in my head - less than a year - 28%, more than a year - 20%. Can somebody clear this up for me? Thanks, Chris

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