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Updated over 9 years ago,

User Stats

139
Posts
89
Votes
Tami R.
  • Clive, IA
89
Votes |
139
Posts

Wouldn't you want to pay capital gains...?

Tami R.
  • Clive, IA
Posted

I have always heard capital gains is terrible, etc... but I have a business partner in another venture and he says when you pay taxes it's meaning you are making money.

The other thing is my ordinary tax is at 37% (fed/state of Iowa) and capital gains is at 24% so wouldn't I rather hold the property for 366 days and pay capital gains?

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