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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (27489)7/9/2000 3:47:13 AM
From: Jacob Snyder  Read Replies (2) of 54805
 
re: assuming a 40% combined fed and state tax rate (on LT cap gains)

You should move to Alaska. No state income tax, so I keep 80% of my LT cap gains. Actually, the state government pays you to live here. Oil revenues have been invested, instead of being spent immediately. Those investments have been largely in stocks, not Treasuries, so over the years the resulting Permanent Fund has grown to 19B$. Last year the Dividend check sent to every Alaskan was $1770.
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