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CMKX II new Thread. Get it while you CAN !
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[QUOTE]Originally posted by DeadSurf: [QB] i thought the tax rates were 15%??? [QUOTE]Originally posted by PAUL: [b]I have been trying to figure out on "paper" how to flip this stock with sucess. I keep finding tax problems with my plan. If I am in at .0001 pps and sell 1,000,000 at .01 pps then I am looking at 10,000.00 of which 9,900.00 is profit. If I am looking at 35% tax. Then 3,465.00 would be the tax burden. 10,000.00 from the sale. Minus 3,465.00 tax. Leaves 6,535.00 to reinvest. This means the pps would have to fall back to .0065 or loose 35% in order for me to get my 1,000,000 shares back. If this happened, I would have sold just to pay the taxes. Is the benifit in doing this just to lower the tax obligation on the final sell? Am I missing something? Paul [/b][/QUOTE] [/QB][/QUOTE]
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