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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.59-3.9%Nov 20 3:59 PM EST
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To: Maurice Winn who wrote (33317)6/26/1999 3:35:00 PM
From: JGoren  Read Replies (1) of 152472
 
Tax policy. The Republicans are making a big push to eliminate the capital gains tax entirely and eliminate capital gains as subject to the alternative minimum tax. If successful, the tax will decline over a four or five year period down to zero. The reason for the phasing in is to keep economic growth increasing at a level rate rather than spike up and then down as well as to maintain total tax revenues level.

This will be a big change. It will mean that us baby boomers will be able to sell shares in such stocks as Qcom that have big capital gains and it will keep us from being subjected to the confiscatory alternative minimun tax rates. This will become even more important as baby boomers start to retire.
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