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Things that are pissing you off. - Page 2857

post #42841 of 67963
I wonder how much additional capital gains tax was taken in this year due to the scare of raising the rate.
post #42842 of 67963
Quote:
Originally Posted by in stitches View Post

start paying quarterly taxes. that should be LOADS of fun from what i hear.

Is that even a thing? confused.gif I don't see why anyone would want to do that -- but for those who need to do that? No se.

Quote:
Originally Posted by SkinnyGoomba View Post

I wonder how much additional capital gains tax was taken in this year due to the scare of raising the rate.

A lot.
post #42843 of 67963
Yes, that is a thing. I believe it has very little to do with wanting to.
post #42844 of 67963
And all I have this year is a capital loss on a passive investment which I cannot claim due to being over the AGI phase out. frown.gif
post #42845 of 67963
Quote:
Originally Posted by SkinnyGoomba View Post

Yes, that is a thing. I believe it has very little to do with wanting to.

I figured as much.

Quote:
Originally Posted by Piobaire View Post

And all I have this year is a capital loss on a passive investment which I cannot claim due to being over the AGI phase out. frown.gif

Oh, boohoo. Now please add some value to my new thread in the bidness subforum.

Thanks.
post #42846 of 67963
Quote:
Originally Posted by GreenFrog View Post

Nah, not poor planning (I'm assuming you're referring to withholdings adjustments and whatnot to your paycheck) -- just a lot of capital gains to be taxed.

Why so much turnover? That's an easy way to lose an astounding amount of money over an investing "career."
post #42847 of 67963
Quote:
Originally Posted by GreenFrog View Post

Is that even a thing? confused.gif I don't see why anyone would want to do that -- but for those who need to do that? No se.
Quote:
Originally Posted by SkinnyGoomba View Post

Yes, that is a thing. I believe it has very little to do with wanting to.

skinny is correct. it is a very real thing, and its something you are made to do, not something you opt to do. when your tax liability gets to around 6 figures, i understand that is how it goes. or so i am told by the people i know who make that kind of cheddah.
post #42848 of 67963
I didn't really expect it to be so frigid outside.
post #42849 of 67963
i really did not expect the ice cream i ate to go right through me. ffffuuuu.gif
post #42850 of 67963
Quote:
Originally Posted by in stitches View Post

i really did not expect the ice cream i ate to go right through me. ffffuuuu.gif

You know, God only says that the Rabbi has to bless the food, not wash his hands...
post #42851 of 67963
Quote:
Originally Posted by lefty View Post

Better than I hoped...

"Hi, I'd like to return this candle my wife purchased."
"Sorry to hear that, Sir. Reason for the return?"
"It cost $275."

beat


"Right, I'll put down 'divorce.'"


Love the flinty NYC sales girl.

lefty 

LOL.

Was it an abnormally large candle or what?
post #42852 of 67963
Quote:
Originally Posted by Connemara View Post

Why so much turnover? That's an easy way to lose an astounding amount of money over an investing "career."

Yes, and vice versa.

All my investment decisions are event-driven, so I rarely care about timing my sales for tax purposes. Granted, I was considering selling AAPL at the end of the year to offset my tax liability, but alas, I was too scared to pull the trigger and seal in those losses, so now I have a huge tax liability and massive paper losses.. FAIL.

frown.gif
Quote:
Originally Posted by in stitches View Post


skinny is correct. it is a very real thing, and its something you are made to do, not something you opt to do. when your tax liability gets to around 6 figures, i understand that is how it goes. or so i am told by the people i know who make that kind of cheddah.

Ah, makes sense.
post #42853 of 67963
Quote:
Originally Posted by GreenFrog View Post

Yes, and vice versa.

All my investment decisions are event-driven, so I rarely care about timing my sales for tax purposes. Granted, I was considering selling AAPL at the end of the year to offset my tax liability, but alas, I was too scared to pull the trigger and seal in those losses, so now I have a huge tax liability and massive paper losses.. FAIL.

I suggest you listen to the wisdom of Mr. John C. Bogle. teacha.gif

http://www.bogleheads.org/wiki/Bogleheads_Investment_Philosophy
post #42854 of 67963
Quote:
Originally Posted by Find Finn View Post

LOL.

Was it an abnormally large candle or what?

 

No, but apparently it smells like an authentic wood fire. The leftette told me this while standing in front of our wood burning fireplace.

 

lefty

post #42855 of 67963
no seriously, this keeps getting better. love it.
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