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Author: ChurchyLaFemme Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63021  
Subject: Here's another one for you, Ziggy Date: 7/24/2007 10:51 AM
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I recently sold 300 shares of AAPL to purchase a late model used motor home. Being in the 15% bracket, I'm subject to a 10% capital gains tax PLUS 9.3% in CA (they haven't followed the Federal model, unfortunately).

So I gotta pay taxes on the gain. HOWEVER, I have until Sept. 15 to pay them. In the meantime, I get to keep the money in my account earning interest. There's no equivalent of the payroll deduction for capital gains or even interest earnings.

So again, some get a "free" ride. Granted it's a fairly short one, but it's still better than a sharp stick in the eye.


Churchy
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