How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

Dec 5 9:30 AM EST

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To: johnd who wrote (35630)	12/17/1999 4:01:00 PM
From: miraje	Read Replies (1) of 74651

If I have long term (say 2 yrs) capital gain of 1 million and have no other income, then my cap gain tax rate is 10%. Is this correct? Unfortunately not. If you're married, you'd only get something like $35,000 taxed at the 10% rate in the above scenario. The other nine hundred and some thousand will be taxed at 20%. And don't forget that most states will get a piece of the action, too. (I live in one that doesn't) Maybe a change of address to the Cayman Islands or some other exotic locale would be an option? LOL! Regards, JB

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