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704RE
4 Comments
GM May Hit $200 Before Oil Does
The Online Brokerage Wars: E*Trade Offers Compelling Risk/Reward
If by cashing out you incurred an extra 100k at 30% as opposed to the 15% you would have expected:
1) Less than one year ago you deposited over $2,750,000 into your Etrade account.
2) You managed a 20% return in under a year
3) at this point you are sitting on ~$650,000 of gains.
4) You withdraw early and owe ~$195,000 in taxes, as opposed to the ~$95,000 you expected to pay had you held for a year.
I'm not buying it
Exxon's Record $9.32 Billion Q1 Income Taxes: Update
Before you pander to your uneducated voter base by speaking in terms of "taking" oil company profits, please pay the Treasury $90,000,000 - taxes already paid on Bill's speech making profits. Unless that doesn't sound fair?
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