http://www.consumerismcommentary.com/2006/12/22/rule-for-building-wealth-defer-taxes/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 21 Mar 2010 00:53:54 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.consumerismcommentary.com/2006/12/22/rule-for-building-wealth-defer-taxes/#comment-74781 Sun Sun, 24 Dec 2006 05:00:26 +0000 http://www.consumerismcommentary.com/2006/12/21/rule-for-building-wealth-defer-taxes/#comment-74781 Merry Christmas! Merry Christmas!

]]> http://www.consumerismcommentary.com/2006/12/22/rule-for-building-wealth-defer-taxes/#comment-74745 thc Sat, 23 Dec 2006 16:31:04 +0000 http://www.consumerismcommentary.com/2006/12/21/rule-for-building-wealth-defer-taxes/#comment-74745 Flexo: The Fortune Magazine link is a little misleading. There is not limit to long-term losses that you can net against long-term gains. You can, however, deduct losses from ordinary income, up to $3000, if you don't have gains to net them against. It's an important distinction since most of use pay a much higher tax rate on ordinary income than on long-term capital gains. Flexo: The Fortune Magazine link is a little misleading. There is not limit to long-term losses that you can net against long-term gains. You can, however, deduct losses from ordinary income, up to $3000, if you don’t have gains to net them against. It’s an important distinction since most of use pay a much higher tax rate on ordinary income than on long-term capital gains.

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