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Taxes and the Big-One

Topic closed. 16 replies. Last post 3 years ago by RJOh.

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United States
Member #59354
March 13, 2008
4624 Posts
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Posted: February 12, 2015, 5:00 pm - IP Logged

All I've heard here pertains to loosing.  There are options out there that can and will cover the 8% penalty

and still make a big profit.  It's no wonder 1% have 99% of the money.

RL

....

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    20147 Posts
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    Posted: February 12, 2015, 5:07 pm - IP Logged

    "Next challenge I see would be offsetting those 3 remaining tax quarters with losses"

    Amen. Who wouldn't want to lose $25 million to get a deduction that will save $10 million in taxes?

    I see people talking about reducing taxes by charitable donations or investment losses all the time. With charities you're at least doing somehting beneficial, but I have the feeling that a lot of people don't realize that reducing their taxes will mean there's less money in their pocket, too.

    "I have the feeling that a lot of people don't realize that reducing their taxes will mean there's less money in their pocket, too."

    Maybe that the reason some million dollars plus prizes go unclaimed, some people would rather have nothing than have to pay out 30% of it in taxes.

     * you don't need to buy more tickets, just buy a winning one * 
       
                  Evil Looking