August 11, 2011

Ultra-short term capital gains tax

There should be an ultra-short term capital gains tax rat for assets held less than 1 week.

1 comment:

  1. I posted a similar comment on the NYTimes. It would take a lot of the insanity out of the market. The 5 day term is perfect because it forces the speculator to decide between the tax or having to hold their position over a weekend where an unseen event could prove fatal to their goal.

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