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Simple English definitions for legal terms

short-term capital gain

Read a random definition: Requirements contract

A quick definition of short-term capital gain:

A short-term capital gain is when you make a profit by selling something, like a stock or land, that you've owned for less than a year. This profit is treated like regular income and is taxed accordingly. It's different from a long-term capital gain, which is when you make a profit by selling something you've owned for more than a year. Short-term capital gains are taxed at a higher rate than long-term capital gains.

A more thorough explanation:

A short-term capital gain is the profit made when a capital asset is sold or exchanged within a period of one year or less. This type of gain is treated as ordinary income under current federal tax law.

For example, if you buy a stock for $100 and sell it for $120 within six months, the $20 profit you made is considered a short-term capital gain. You will have to pay taxes on this gain at the same rate as your regular income.

Another example is if you sell a piece of property that you have owned for eight months and make a profit of $10,000. This profit is also considered a short-term capital gain and will be taxed as ordinary income.

Short-term capital gains are different from long-term capital gains, which are profits made from selling or exchanging a capital asset that has been held for more than one year. Long-term capital gains are taxed at a lower rate than short-term gains.

short-term alimony | short-term debt

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21:52
i personally think it should be an 8 year term with a term limit of 3 terms. so 24 years total. and one's position can be given to another candidate as well, doesn't just always go to the incumbent
21:52
dont tell me my math is wrong im still tired
you don’t mess with the zohan is goated
glovediedthisishismom
21:52
fizzy bubbly
shaquilleoatmeal
21:53
@JumpySubsequentDolphin: you want straight up comedy or rom com?
JumpySubsequentDolphin
21:54
hmmm I think the people w me would prefer regular comedy
shaquilleoatmeal
21:54
you gotta reform congress, youd see the changes in the supreme court kick in
21:55
not to doom but there's no way conservatives would vote for a term limit on SCOTUS if the majority is going to rule in favor of conservative interests in a patterned way
21:56
for many people in politics, not just conservatives, the ends justify the means and the means could be anti-american if it means achieving a "patriotic" end so to speak
shaquilleoatmeal
21:56
crazy rich asians, due date (older side of movies), hit man
shaquilleoatmeal
21:57
actually scratch all that - watch no hard feelings
crazy rich asians is cracked
21:58
oh its so good
21:58
im probably going to take these comedy suggestions because it's just me alone until like december 1 or 2 i forgor
JumpySubsequentDolphin
21:58
@shaquilleoatmeal: my sister in law hated no hard feelings
JumpySubsequentDolphin
21:58
Constance Wu is so beautiful
i forgor
shaquilleoatmeal
21:59
damn what, i thought it was a funny movie
babycat
22:00
i went to this one club that’s in crazy rich Asians. the rooftop bar
@shaquilleoatmeal: It's not a bad article, but I still don't buy it because (a) I think it glosses over cases like Milligan way too quickly without even going into why there was an ideological split (which there was for a reason and that case did matter) and (b) I think the 3-3-3 court description is also grounded in the difference in jurisprudence between the two groups (and that they aligned on cases like the SFAA one could say more about the facts of the case, than jurisprudential differences)
babycat
22:00
It’s called ce la vie
@shaquilleoatmeal: I’ll also preface, I am a little biased—I’m a big fan of Sara Isgur and David French.
shaquilleoatmeal
22:03
^^ advisory opinions ?
shaquilleoatmeal
22:04
i was trying to get into that with scorp before lsd crashed
shaquilleoatmeal
22:04
not aware of Milligan - what was the split and why
Essentially if an Alabama redistricting map violated Section 2 of the Voting Rights Act. It was 5-4 with Kavanaugh and Robert’s in the majority. A very important case.
@shaquilleoatmeal: yes! I love advisory opinions
shaquilleoatmeal
22:09
ahh wait i vaguely remember hearing about this, had to do with black belt and mobil i think? Ill have to go back and read it
shaquilleoatmeal
22:10
haha right on, i listen to advisory opinions during my workout when i get tired of tunes
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