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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Jacob Snyder who wrote (27529)7/9/2000 1:33:23 PM
From: Uncle Frank  Read Replies (2) of 54805
 
>> You should move to Alaska. No state income tax, so I keep 80% of my LT cap gains.

We've had two holidays in Alaska in recent years, and they were fabulous. We drift fished for silvers out of Homer, and saw bald eagles feasting on the carcasses of 70 pound king salmon, watched a pod of Orka prowl the coast of Glacier Bay, and got to see a glacier calving up close and personal. Your state is too beautiful to describe.

But you can't grow oranges up there, your golf season is about 2 weeks long, and your women wear parkas and carry knives. I think I'll stick with California. Besides, the bulk of my investments are in sheltered accounts. By the time I start withdrawing significant bucks, I might just live in a tax free state.

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