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In reply to the discussion: CU professor calls “BS” on Romney’s 13 percent tax rate claim [View all]CreekDog
(46,192 posts)31. I wish you gave Trayvon Martin the benefit of the doubt you give Romney
but I am realistic.
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What in the world is this man griping about? The fact that you can use capital losses to offset
dkf
Aug 2012
#1
if ALL you have is capital losses, that is fine. but realizing losses while carrying gains....
unblock
Aug 2012
#6
harvesting naturally occuring losses is different from designing artificial losses to harvest.
unblock
Aug 2012
#43
i have no proof rmoney did it, but here's the strategy, and yes people have done this:
unblock
Aug 2012
#45
i'm not suggesting that the capital gains disappear, only that they're deferred.
unblock
Aug 2012
#51
you close out the short a and then re-establish it for the same amount 31 days later.
unblock
Aug 2012
#53
there are all sorts of ways around all sorts of problems. if you're rich, at least.
unblock
Aug 2012
#57
I think you're focusing on the fact that something has to be illegal to be considered in play for el
LanternWaste
Aug 2012
#48
13% of what is the kicker. What is his effective tax rate? Show us the returns Rmoney!
riderinthestorm
Aug 2012
#4
The returns wouldn't show the stuff the professor is talking about. That's the point.
BlueStreak
Aug 2012
#7
Do you think it would be more effective if he showed his IRS cancelled checks?
riderinthestorm
Aug 2012
#8