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That would equate to less than 1% return per year = .88%

Posted on: September 11, 2024 at 14:01:17 CT
JeffB MU
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With a capital gains tax of 20%, and inflation eating up another 20%, investing $100 two years ago:

$100 - investment
$34 - increase in portfolio value
$134 - on statement

Cash in:

$134.00 - check to you
- $6.80 - check to IRS

$127.20 - net after taxes
-$25.44 - inflation tax of 20%

$101.76 - purchasing power relative to 2 years ago.

$1.67 - increase in purchasing power over 2 years

.88% - increase in purchasing power/yr average



Edited by JeffB at 14:32:51 on 09/11/24
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Biden Harris Inflation just hammered your 401K - RHAYWORTH MU - 9/11 11:55:31
     What drop? - tigerdb MU - 9/11 12:11:59
          Besides, is he liquidatiing today???? - Macgrantt MU - 9/11 12:16:32
     Again ???, my securities are near all time highs & did well - Macgrantt MU - 9/11 12:08:30
          How about when you go to the grocery store to pick up a - Erwin Fletcher STL - 9/11 13:00:04
          You remain clueless. - RHAYWORTH MU - 9/11 12:19:37
               S&P up 34% last two years (nm) - haeffb MU - 9/11 12:58:42
                    so you have made roughly 5 percent per year before taxes - tman MU - 9/11 13:00:44
                         That would equate to less than 1% return per year = .88% - JeffB MU - 9/11 14:01:17
               he not speak money talk gudly (nm) - 90Tiger STL - 9/11 12:47:27
                    It's a common trait among far too many people these days. - RHAYWORTH MU - 9/11 12:53:25
                         Ideally money is something with intrinsic value. Unfortunate - JeffB MU - 9/11 14:11:12
          don't forget to factor in 20 percent inflation - tman MU - 9/11 12:18:09




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