Unfortunately, Gardner said, the way our tax system is set up, you only get some benefit because if you hold the stock for longer than a year, you get hit with just a 20 percent capital gains rate, which is nice. But if you hold on for less than a year, which is what day traders do, you'll be forking over taxes on your sales of stock based on your income tax bracket rate. And that, ... is why day traders are doing a great job right now of funding our highways, our prisons - and our bridges.
More Quotes from David Gardner:
It's good to see the increase, but it should be higher. The base was low to begin with.David Gardner
We are elated to have a quality company like ring Power locate here. They provide good-paying jobs and sell great service equipment.
David Gardner
Ideally ... we think that a further step here would be to phase out capital gains if investor are holding for a longer period. For instance, if you were to hold stocks, let's say, for five years, I would like to see the rate lower than 20 percent, and maybe if you hold 10 years, there might be no capital gains rate at all. That will return the public markets to being about buying and holding and funding businesses, which was their purpose, not throwing paper around in a speculative manner.
David Gardner
The process has to be methodical. We deal with inherently hazardous materials. If we're not safe, we've got trouble.
David Gardner
Detroit is our weakest market and upstate is second, ... We try to operate at a 95 percent occupancy level and we haven't seen that for a number of years in upstate
David Gardner
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What we can do for another is the test of powers; what we can suffer is the test of love.
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