In addition to the federal capital gains tax you owe when you sell appreciated assets, 42 states (and some local governments too) add another layer of tax, and only a few of them have lower rates for long-term gains.
Deepening the gloom, another new Chinese law comes into effect on May 1st, subjecting any transfer of a state-controlled asset to yet another layer of review, this time by a local commission.
We are holding to a pattern of no installations on a individual local machine to experience our version of multitasking and a integrated social management layer.