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waycoolphil
join:2000-09-22
Cathedral City, CA

waycoolphil to openbox9

Member

to openbox9

Re: By the People for the People

Right. And honestly, what's the ratio?
openbox9
Premium Member
join:2004-01-26
71144

openbox9

Premium Member

Ratio of earnings vs. growth for my holdings? Presently I'm sitting at about 80/20, growth vs. earnings.
waycoolphil
join:2000-09-22
Cathedral City, CA

waycoolphil

Member

So if you were to sell your 80% if the market started to free fall like 2008 you wouldn't mind declaring any gains as regular income and paying that tax rate?
openbox9
Premium Member
join:2004-01-26
71144

openbox9

Premium Member

I don't have a problem paying income taxes for my income. I don't mind paying capital gains taxes for my capital gains. If taxes on my capital gains increase because corporations are worth more without tax liabilities, hence more value for owners, then I'm ok with it. Once again, I support taxing the money where it's earned/received, not the passthrough.