Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.54

-0.9%

3:13 PM EST

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To: waverider who wrote (89368)	12/7/2000 10:54:36 PM
From: David E. Taylor	Read Replies (1) of 152472

Rick: To add to Don's point that the penalty for waiting until 4/15 to pay the tax bill isn't that great, there's the "out" that if you've deposited at least 90% of your 1999 taxes during 2000, the penalty is waived. Like Don, I prefer to give the government the minimum amount necessary to stay out of trouble, and cough up the taxes on 4/15 each year (or later if they aren't too much). This year I got more adventuresome, and instead of holding the cash in reserve for 2000's taxes at 5% money market rates, I invested Uncle Sam's taxes in PALM and QCOM. Now I get to keep the investment profits on those invested taxes, and don't have to pay that tax bill until April 2002. Just doing my bit for the deficit! David T.

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