Tax strategy, capital losses, financial advice
Harley Schwadron, CagleCartoons.com
The cartoon depicts an older man seated in a red armchair offering financial guidance to a younger man in a basketball uniform. The advice centers on using capital losses to reduce tax obligations rather than focusing solely on victories. This approach reflects common discussions around tax planning and deductions available under current rules for investment losses.

About Harley Schwadron
Harley Schwadron is a cartoonist in Ann Arbor, Michigan. His cartoons have appeared in many major publications, including Barron’s, Harvard Business Review, Punch, Playboy, American Legion, New York Times, and Readers Digest. Many of Harley's cartoons deal with business, politics and financial investing. He has illustrated some 50 books.
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