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Politics : Ask Michael Burke

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To: Mike M2 who wrote (63229)	6/25/1999 12:39:00 PM
From: Joan Osland Graffius	of 132070

Wayne, >>I would guess there must be a taxable event -exercise of stock option by employee- What a scam! Yes, there is a taxable event. The company takes out the maximum tax rate and sends it to the fed when paying out stock options. We end up overpaying the fed every year because of this practice. Washington is solving there cash flow problems. <ggg> Joan

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