Article View: net.taxes
Article #950Re: capital gains
From: Thomas F. Mandel
Date: Wed, 27 Aug 1986 06:35
Date: Wed, 27 Aug 1986 06:35
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In article <4979@decwrl.DEC.COM> west@mormps.dec.com writes: >The new tax bill raises everyone's capital gains rate (for people in >the 28% bracket, it doubles it). ... >Thus, if the difference in your capital gains tax on a given stock is >in excess of about $100, it pays to do this wash-gain-sale this year. >... It doesn't necessarily make sense to sell a long-term position, pay capital gains tax at this year's lower rate, and re-buy the same stock. The exception is a stock for which you expect very substantial *future* appreciation. In some instances, it makes greater sense to hold the stock. For instance, if your current long-term capital gains tax would be 14%, and you expect future appreciation in excess of about 150%, hold the stock. (The relevant variables in such an analysis are your current bracket and the amount of gain already received.) Tom Mandel ...!well!mandel mandel@sri-kl.arpa
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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: arc1-ca.pugleaf.net!utzoo!mnetor!seismo!lll-crg!lll-lcc!well!mandel From: mandel@well.UUCP (Thomas F. Mandel) Newsgroups: net.taxes Subject: Re: capital gains Message-ID: <1682@well.UUCP> Date: Wed, 27-Aug-86 02:35:01 EDT Article-I.D.: well.1682 Posted: Wed Aug 27 02:35:01 1986 Date-Received: Wed, 27-Aug-86 11:54:39 EDT References: <4979@decwrl.DEC.COM> Reply-To: mandel@well.UUCP (Thomas F. Mandel) Organization: Whole Earth Lectronic Link, Sausalito CA Lines: 22 Summary: Not necessarily sensible to take gains in 1986