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OKdon
Senior Contributor

Re: It's not really a loophole

I wonder if corporate losses were taken as personl losses. Another thing I question is whether capital losses can offset personal income. If you pay capital gains tax it may be 15 to 20 %. However if your going to expense capital losses are the losses subject to the CG rate or ordinary income rate?

 

So if you have capital gains, you pay 15% and if you have capital losses you deduct 30%

AllenJwi
Senior Contributor

loophole / double standards

r3020
Senior Advisor

Re: It's not really a loophole

Ask the New York Times. They made money but also got a rebate.