Quote:
Originally Posted by Lojik
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If you're buying/selling within a year it's taxed as normal income.
Yeah conservatives get all worked up about welfare, but then you have military/dod people who make high 6 figures, "retire," go back to work at the exact same place in the exact same role for more money as a "consultant" and also collect on pensions. Just one of these roles could pay for maybe 50 people per year on welfare. Not to mention the revolving door of people who work for someone like the carlisle group, then head a government defense agency, award contracts to the carlisle group, and then go back to working for the carlisle group again.
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My brother joined the navy during college, graduated with a chemical engineering degree, went to nuclear school, war college, learned Portuguese, etc. in the Navy. He was on submarines for 12 years and is now on his 17th year. He has moved his family all over the world and is in charge of some serious stuff. He would be making a couple hundred thousand with his dedication and education in the business world but he is only bringing in $150k in the Navy.
The pension he gets is a nice way of almost making up for all of that. If he was saving an additional $100k per year (he would actually save more than this because moving all the time has made it almost impossible for his wife to have real steady work and she was making $100k at one point) for even 10 years the growth would allow him to replicate the pension.
If you want to attract the right kind of people and keep them hooked for 20+ years you have to compete somehow. Not many people would say dedicating an entire families life with that type of education and work ethic is a free ride for $150k/year + pension.