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Once again, it's time for the FNGT!

If you don't know how this works, . 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 .

**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

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.

[–] • 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.