Memory Lane Plank - Net54baseball.com Forums

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12-15-2012, 01:08 PM

egbeachley egbeachley is offline

Eric Bea.chley

Join Date: May 2009

Posts: 920

Quote:

Originally Posted by sportscardpete

Isn't the capital gains tax supposed to increase in 2013? That could mean many people are selling out of stocks now to take gains, thus having extra cash for December.

If that's what they are doing in this case, they failed miserably. It was purchased less than a year ago so it doesn't qualify for capital gains tax. It's taxed as regular income.

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