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#20
08-20-2006, 05:48 AM
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Re: Transfer of Large Amounts of Funds?
You actually have to pay tax on 50% of the gain at your regular tax rate. So, in effect, you pay half your tax rate (maximum of 23%) on the entire profit. And yes, it pisses me off too that if you lose money, you can't claim a capital loss
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Mark 
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