“You'll start by offsetting the short-term gains of the short-term losses, and then the long-term gains of the long-term losses”
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Said on Motley Fool Hidden Gems Investing
The Core Report · #1009 Indian IT Stocks Are Beating Chip Stocks
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proposes taxing foreign portfolio capital gains in dollar terms at 5% long-term and 10% short-term rates
5% long-term, 10% short-term
“You'll start by offsetting the short-term gains of the short-term losses, and then the long-term gains of the long-term losses”
“We've got a flat tax rate... contribute, pay 15% tax, 10% capital gains tax until retirement. And then you pay no tax.”
“Donating long-term appreciated investments… avoid paying taxes on those long-term capital gains… you can also deduct the contribution up to a limit of 30 % of your AGI”
“Most of the capital in the asset management industry is inherently short term, available for redemption on a minute by minute, day by day, or quarterly or annual basis. It's hard to think long term if your investors are going to be judging on a very short term basis.”
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