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A comment on Rotterdam bridge to be dismantled for Oceanco's 127m sailing yacht Y721. Parent comment

Re:Rotterdam bridge to be dismantled for Oceanco's 127m sail... by fastball on Wednesday February 02, 2022 @09:09AM (#30177706)
That's because capital gains in Denmark aren't really capital gains, they just tax it as income.

Short-term capital gains in the US are also taxed according to income tax rates, so 37% for the top bracket, which isn't far off 42%.

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Re:Rotterdam bridge to be dismantled for Oceanco's 127m sail... by ceejayoz on Wednesday February 02, 2022 @09:28AM (#30177992)
I can guarantee you Bezos is ensuring his Amazon shares aren't selling as short-term capital gains.
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Re:Rotterdam bridge to be dismantled for Oceanco's 127m sail... by fastball on Wednesday February 02, 2022 @09:36AM (#30178100)
Indeed. But it is not clear to me that Denmark's system of not distinguishing between the two is better than the US system of allowing long-term investments to incur less of a tax burden than short-term speculative gains.
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