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Technology Stocks : Intel Corporation (INTC)
INTC 37.51-0.8%3:59 PM EST
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To: wanna_bmw who wrote (165555)5/30/2002 1:13:28 PM
From: William Hunt  Read Replies (2) of 186894
 
As with most revenue collectors ( including the states ) they are seeing a dramatic dropped in capital gains taxes while more people are claiming losses thus increase tax refunds . The double whammy is effecting business as well as the individual with lower profits and one time charges with the layoffs associated . In my state revenues are down 11% year over year

Best Wishes
Bill

PS Perhaps one of the real ironies is that Bush gave the Federal employees a 5% per cent raise this year( Congress I believed got a 10% raise )with the government going into the red . My state's constitution requires a balance budget each year thus the state employees will basicaly not get a pay raise for two and one half years . Sounds fair since they pay Federal Taxes also .
Bush is a joke as far as the economy is concern and is not really impressing me with the war on terrisom . Really offbeat was the comments by the Department of Defense that they did have enough troops to take care of Iraq due to being spread all over the place . What was weird is that Fox news Saturday had a report that the military was cutting back on recruiting . Either we are serious about wiping these bastards out and returning some type of semi normal life or we do not know what the heck we are doing ?
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