Ish
Member since: Oct 16th, 2006
Ish's Latest Comments
Blog Activity
| Blog | # of Comments |
|---|---|
| Joystiq | 2 Comments |
| TUAW.com | 1 Comment |
| Engadget | 2 Comments |
| Engadget HD | 3 Comments |


Engadget HD's recession antidote: win an Moxi HD DVR!
Jul 8th 2009 1:41PM (Engadget HD)Engadget's recession antidote: FreeAgent Go hard drive for your Mac!
Apr 2nd 2009 2:02PM (Engadget)I'll take Freeverse games for $300, Alex
Jun 24th 2008 8:20PM (TUAW.com)Redesign giveaway: HTC's new Shift UMPC
Apr 10th 2008 5:59PM (Engadget)Win a Philips 42PFL5603D 42-inch 1080p HDTV!
Feb 5th 2008 8:06PM (Engadget HD)Win an LCD HDTV, Xbox 360, and plenty of Old Spice
Feb 4th 2008 12:13AM (Engadget HD)BBB rates Toys 'R' Us "unsatisfactory" amidst reports of Wii bundling shenanigans
Dec 1st 2006 4:35PM (Joystiq)Taxing Second Life [update 1]
Oct 16th 2006 5:59PM (Joystiq)Not quite. In the United States, unrealized capital gains ("profits shown only on paper") are not taxed. A capital gain is taxed only when an asset is sold. That is, if you own shares of a stock and the value of your holdings jumps $10,000, you don't pay any tax on that gain until you sell the stock. You could imagine the logistical nightmare if they taxed you based on just the value of the stock you held without selling. One year the value of your holdings could surge $10,000, and the next year it could drop $15,000, at which point you would have a $5,000 capital loss.