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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Wally Mastroly who wrote (10343)10/14/2000 10:56:08 AM
From: Investor2  Read Replies (1) of 42834
 
Thanks for the link.

Re: "To prevent investors from having to sell assets and buy them back, thus incurring transaction costs as well as taxes on gains, the thoughtful lawmakers put in an option known as a "deemed sale and repurchase election." Under it, a taxpayer after Jan. 1 can pretend to have sold an asset and bought it back. The taxpayer will have to pay taxes on the gain accumulated since the asset first was acquired, but future appreciation will be taxed at 18 percent instead of 20 percent when the asset is sold."

These law makers have way too much time on their hands.

Best wishes,

I2
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