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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Cynic 2005 who wrote (40947)	11/28/2000 4:23:11 PM
From: chic_hearne	Read Replies (1) of 436258

Besides, for truly long term investors with deep pockets, there is no real incentive to buy stocks till new year as the tax on long term gains will be 18% if you bought them after Dec 2000. So, there will be a buyer strike. (I am speculating). I think you are incorrect about this. I asked around and got this back as an answer: "The LTCG rate change most likely applies to sales after Jan 1 if you purchased at least one earlier. It would not apply only to new purchases. At least this is the way rate changes have been put into effect in the past."

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