Quote:
Originally Posted by Rainger99
Doesn’t moving to all cash incur huge capital gains taxes? Is there a way to avoid them?
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TAX REALITY. The TAXMAN DROOLITH over YOUR MONEY. If, you go into cash, You not only pay capital gains, might be payin the lower longterm rate on the gains. As CASH the interest is taxed at the higher short term rate.
I'm not a tax advisor. Must be done properly. If, you have a retirement plan-IRA and are dealing with RMD, forced withdrawals, you can give all you are forced to withdraw or some of it to a 5013c charity and you pay no tax on what you donate.
SOMEONE pays for all that stuff when people think, the government should pay for it. Government for the people, by the people etc. The people is WE.