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The Manitowoc Company, Inc. Message Board

  • burgersboat burgersboat Oct 12, 2012 4:08 PM Flag

    This should Ruffle some Feathers

    To slow down or even stop these "Short term or Day Traders". The ones that don't let a stock get to it's full price potential should be assessed a substantial penalty.
    Something along these lines:

    Shares held less then 30 days---------------80% Capital Gaines Tax on profits.
    Shares held longer then 31 days but less then 75 days---------#$%$ Capital Gaines Tax on profits.
    Shares held longer then 76 days but less then 120 days---------------40% Capital Gaines Tax on profits.
    Anything after 121 days ------------------Include gain as part of their Gross Income.

    Any loss would be treated as it is now and can be used against their future stock purchases.

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