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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]
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To: Mama Bear who wrote (1997)6/26/2000 11:54:00 AM
From: SJS  Read Replies (1) of 3951
 
Not at all. Try Massachusetts. 12% tax on any ST cap gains. If you make 4 figures trading, then add your salary, you can easily move from the the 28% bracket to the 33%. So now you're at the 45% "take" level.

If you're very lucky or very skillful (or both) to make 6 figures trading, then again add your salary (if you work), you're going to be in the 39.6% Federal bracket. Add 12% again, and your at 51.6% total ST tax.

So.....you do have to be lucky, but if you've invested in tech stocks like JDSU, SDLI, and/or other opticals or chippies, it takes NO time at all to have obtained multi-100% gains since mid 1999, about 1 year ago.

Steve
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