Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: rkral who wrote (119862)	6/4/2002 2:04:55 PM
From: Art Bechhoefer	Read Replies (2) of 152472

At the risk of repeating myself, I would simply point out that options are incentives partly because, if exercised, they may be taxed at the lower rate for capital gains. And for the corporation issuing options, it's a form of payment that doesn't immediately have to show up on the books. Eliminating or drastically cutting the corporate income tax would reduce the corporate abuse not only of options but of irresponsible mergers and acquisitions, the cost of which is partly shouldered by taxpayers. Taxing capital gains as ordinary income, adjusted for inflation, would also help reduce the use of options in place of just plain old bonuses for doing a good job. If Congress wants meaningful tax reform . . . Art Art

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