Thread
:
Sucks to be poor
View Single Post
10-28-2011, 07:53 PM
#
31
Member
Mike Murphy
Forum Associate
Member Info
Join Date: Aug 2009
Posts: 184
Thanks: 636
Thanked 47 Times in 33 Posts
John,
Not really. Since the initial investment was zero, the entire Capital Gain of $30,000 would be taxable by the federal and state governments. You'd be one nut short and still wouldn't have enough money for the Parker!