Thread: Sucks to be poor
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Unread 10-28-2011, 08:32 PM   #34
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John Havard
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The $30K in proceeds would have to be classified as a long term capital gain, and the marginal rate is what, 20% now? I could scratch up the remaining $6K that the Feds (unfairly) take. That baby would still be mine!
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