Obama's Capital Gains Blunder

new features of TradeMax include

Neutral Trend TradeMax is a full featured Vista style trade software specifically designed for active traders and investors to manage their trade data, optimize their gain/loss strategy, and prepare their Schedule D or Mark-to-Market Form(4797).

The new features of TradeMax include

1.) Track your trades: You can setup different investment type accounts among whole family and manage trade data over years. TradeMax tracks and categorizes trade data and security price automatically. You can view all investment accounts in one place.

2.) Comprehensive Corporate Events Module : Recording various corporate events, such as stock splits, stock merge, spinoff and symbol changes

3.) Powerful importing module: TradeMax has pre-defined profiles support most brokers. TradeMax also provides a flexible format reorganization algorithm which allows you to customize your own format.

4.) Intelligent Option Cost Basis Adjustment Function: Auto- detecting Assigned, exercised and expired option, also defers cost to corresponding shares with its Option Adjustment function.

5.) Handle Wash Sales: TradeMax calculates various Wash Sale scenarios, include but are not limited to, Wash Sale between identical securities (stocks and options), Wash Sales on an unequal number of securities and Wash Sales on Same Day Rule.

6.) Simplify tax preparation: TradeMax can assign short trades and convert short / long position, and calculates Wash Sales automatically. You can generate Capital gains/losses report for Schedule D purpose or export *.txf file to popular tax software such as TaxCut, TurboTax.

7.) Analyze your trading performance: You can analyze your trading performance easily with the help of WashSales Detail Report,Summary Report, Transaction Report and Daily Market Value Report.

8.) Powerful Forex Rate Module:Auto-convert the transactions under Non-USD currency into USD figures.

http://www.itrademax.com

itrademax of NY 3:35AM December 01, 2009

For all you people that voted for Obama... I dont know how much more my 401k and paltry roth invetment account can take... he is wrecking havoc on the market, and flying around on air force 1 at an incredible cost to us tax payers trying to restore our faith and hope while at the same time constantly talking doom and gloom!!! I've worked 35 years to accumulate enough to try to retire on, and now face many more years to try to recoop my loss since these dems have given away the store!!

msinman of TX 11:36PM February 23, 2009

I can't tell you how many clients I have that say "It doesn't make sense to sell my commercial/investment property because of the capital gains taxes I will owe. Too much of my equity will go to the State and Fed". I'm in NY where the combined cap gain tax is 21% before depreciation recapture. If he tacks on another 5-10%, the effect will be that no one will sell unless they absolutely have to (ie: hardship situations). This will create fewer transactions and less tax revenue.

Dividend Income - plain and simple, the increase in tax rates on dividend income will create a disincentive for people to invest in publicly traded companies which will ultimately reduce company profits, force companies to reduce employment levels and increase national unemployment levels.

Neil of NY 8:24PM November 11, 2008

Now that Obama has won the election you would be surprised at that people that think he is not going to tax anything beyond what they now pay,i told one senior who will be selling his house to make a $300,000 dollar profit for his golden years that under the Obama plan he may pay a capital gain tax of up to uo to $81,000 on the sale and he almost had a heart attack and told me i was nuts that he would pay zero, i hope he has his heart doctor standing by.

ernie cooney of NJ 12:25PM November 05, 2008