Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 156.00

+0.6%

Nov 28 9:30 AM EST

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To: orkrious who wrote (7938)	7/1/1999 8:13:00 AM
From: Ian@SI	of 10921

(Ian, clearly, the above applies in the US. I am not sure of Canada's tax structure.) <G> the "grin" was appropriate. In Canada, there's one rate only. 75% of the capital gain is taxable at the investor's marginal rate. For most people, that would be about 38%. I understand that some European governments are more enlightened. They don't feel that Capital Gains are so evil that they should be taxed out of existence. Thus their Capital Gains rate is zero, nada, nil, nothing. Ask me if I'm envious! As an aside, I've moved from an evangelical "buy and holder" to one who believes that taking some profits in these cyclicals while also selling losers to produce offsetting capital losses may be an improvement on pure BUY and HOLD. For this sector at least. Ian.

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