RE:Sargex planning on holding BCE For Ever,,,,,,,,,,,,,,, How BAD/UNFAIR is the Capital Gains Taxation of Long Term BUY & HOLDers ??????
THIS is HOW BAD it Can BE__We Currently Would Pay 10 Times MORE Taxes OVER
What the Actual REAL GAINs were in this Exanmple__The LONGER the HOLD PERIOD
the WORST it Gets eh !!!!!
Understanding inflation’s impact would help investors see how closely their nominal returns are keeping pace with purchasing power, especially over an extended period when a modestly lower yield can produce a huge difference in principal. Since 1957 the Standard & Poor’s index has gained 10.26 per cent a year. After inflation, however, its return has been 6.37 per cent. That makes a huge difference. An initial investment of $10,000 in 1957 would have grown to an impressive $5,185,000 in nominal terms by 2023. But in real (i.e., inflation-adjusted) terms, it would be only $520,506 — not bad, but barely 10 per cent the inflation-swollen amount.
Red_Deer wrote: Hey SARGEX__You Posted this__""My wife & I have owned BCE since May 15, 2009 and have absolutely no plans to trim any. It will get sold when we pass away.""
I am in the SAME Boat with YOU with ALL of My BUY & HOLD Holdings__Being the Vast
Majority of my Portfolio.
I Try NOT to THINK About IT__BUT Likely WILL Always CRINGE @ the MASSIVE Capital
Gain TAXES upon our passing eh !!!!!
And EVEN while still being Alive the NEW Alternative MinimumTax changes with regard to
Capital Gains and Margin Interest WILL Rob Me MORE starting this Year.
What REALLY Bugs me the MOST with regard to Capital Gain Taxation is that there is NO
RELIEF/CREDIT Provided for BUY & HOLD True Investors__Compared to the Short Term
Traders.
As Example__I Have Held TELUS ever Since the IPO, Fall of 1990, when AGT was Privatized
by the Alberta Government__So this October I will Have Had TELUS as one of my MAIN 2
Holdings for 34 YEARS !!!!
Thus over that LONG Time period there HAS Accumulated a LARGE Capital Gain__Basically
Making UP For INFLATION and Time Value of $$$.
So I Strongly Believe that It is TOTALLY UNFAIR for My Estate to Have to PAY a HUGE TAX
on the GAINS over Say 55 YEARS by Then__Compared to Short Term Traders
There Has GOTTA BE Some Sort of TAX Relief/Credit on Capital Gains over Such a LONG
Period__As MUCH of that Gain is Simply INFLATION and NOT ACTUAL REAL Gains !!!!