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Technology Stocks : Cymer (CYMI)
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To: Robert Marsh who wrote (3649)9/27/1997 10:39:00 AM
From: John Bloxom   of 25960
 
<<At this point in time, a capital gain held between 12 and 18 months is taxed at the 28% rate. It must be held at least 18 months to get the lower 20% rate (assuming your tax bracket is 28% or higher, a safe assumption for those who bought in the primary market). The Taxpayer Relief Act of 1997 manipulated the definition of long term capital gain for date of sale after 7/29/97. I'm not an accountant, I just play one in the classroom.>>

True, but the recent act preserves the 28% rate for capital assets held for 12 months. 28% being a lot less than the top bracket (is it still 39.5%?), my point stands.

BTW, I forgot to take into account the split when computing that gain. It is 526% ($25/$4.75).
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