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Once again, it's time for the FNGT!

If you don't know how this works, click this link (fngt.gq). That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down.

NOTE: That site is by invitation only. If you want an invite, and you're a regular participant, then just ask COF, Crazy, or myself.

If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only.

Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then you can donate.

**Once again, it's time for the FNGT!** If you don't know how this works, [click this link](https://fngt.gq/index.php?page=intro). That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down. **NOTE:** That site is by invitation only. If you want an invite, and you're a regular participant, then just ask COF, Crazy, or myself. If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only. Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then [you can donate](https://poal.co/donate).

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[–] • 0 pt

Avoidance is buying the car with a corporate entity and paying those taxes. Evasion is buying it under a fake name and paying no taxes. They're quite different, both in reality and legality.

You've got 6 to 12 months to reinvest to avoid the bulk of capital gains. Capital gains aren't that high, they're lower than regular income tax. If you worked a real job, you'd pay a greater percentage in taxes than I pay in capital gains. I'd still pay a fuck of a lot more than you, but your percentage is higher.

The logic behind it is actually pretty sound.

It's only capital gains rates if it's long-term investing. Short-term investing is taxed at the same rate as regular income.

[–] • 0 pt

Yeah I don't have any idea of what the capitol gains tax rate is, I think I hears Biden say he wanted to make it 60% which seems outrageously high, but I have no clue what it currently is.

[–] • 0 pt

Oh, it wouldn't be a flat 60%, it's a staggered rate.

You pay like 10% on the first 20,000. You pay like 14% from 20,001 to $50,000. You pay like 33% from 125,000 to 200,000, or shit like that.

And, really, capital gains could be taxed at a higher burden. Ain't nobody gonna say, "Well, you know, I'm just gonna earn less money so that I don't have to pay those few extra dollars!"

And, the only people it's gonna impact are people in my tax bracket, from people like me.

Currently, capital gains is a pretty flat rate (depending on where you are). It's like 15% federal and another 10% state. So, you're paying like 25%. Some states are lower.

[–] • 0 pt

Oh ok. I thought 60 percent was an extremely outrageous number. That makes a lot more sense.