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Once again, it's time for the FNGT!

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**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

If not, I'll just move different money and replace it when the property does sell. One of the big concerns with this is taxes. The government taxes the movement of money. If you have money in your pocket, the government doesn't tax it. If you buy a pair of pants, they tax the sale.

So, the goal is to move money as little as possible, and to move it to tax-advantageous conditions. If you're quick about it and move money from one investment to another investment of similar tax burden, you often can avoid some of the taxation on that money movement.

Tax avoidance is perfectly legal. Tax evasion is when they send you straight to prison.

[–] • 0 pt

LoL Avoidance and evasion are basically the same thing, semantics, one is legal and the other is not!

But yeah, capitol gains on those properties will take a nice chunk of the profits from you unless you can avoid paying them by investing in another property or something quickly I believe. I am not positive, as I don't ever have to deal with that, but I think you can avoid paying that if you re-invest the funds

[–] • 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.