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A comment on Exploiting Silicon Valley For Profit (and Maybe Fun). Parent comment

Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by legutierr on Friday June 22, 2012 @02:09AM (#4145661)
I would think the tax rate would be lower, considering that a sale of shares is treated as capital gains. 15%?
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Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by joshAg on Friday June 22, 2012 @03:03AM (#4145789)
true. but that's only for long term. i have no idea what short term tax is, but i know it's also less than 30%.

i was trying to overestimate taxes (so that the reported annual income, if anything, would be less than actual annual income) and use a nice round number so i didn't have to use a calculator.

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Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by legutierr on Friday June 22, 2012 @08:39AM (#4146506)
Long-term is holding the asset for a year or more. Short-term is treated as ordinary income.
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Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by joshAg on Friday June 22, 2012 @01:57PM (#4147864)
true, but what's the interest rate for short term cap gains?

i know it's (15,30), but i can't rememeber if it's just 18% or something more like 25%. and since i am efficient (read: lazy :), i just overestimated to 30% instead of wikipedia-ing.

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