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The Manitowoc Company, Inc. Message Board

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  • northvisitor34 northvisitor34 Oct 13, 2012 8:11 PM Flag

    This should Ruffle some Feathers

    These sales are all classed as short term capital gains and are tax like ordinary income from 10% to 35%. Capital gains are the profits from a a capital sale. If there is a loss it is classified as a capital loss. Equities held over 1 year get the favorable capital gains tax rate of 15%. Any equity held one year or less the gains are treated as ordinary income.

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