Capital gains tax is paid at your highest marginal tax rate if you sell within a year, 50% of that rate if you sell after 12 months.
So if you’re at the highest marginal rate, you lose 45% of your profit to the govt. If you wait until 12 months have passed and the govt *only* claims 22.5%. How important is a 22.5% return to most investors?
Capital gains tax is paid at your highest marginal tax rate if...
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