INTC Message Board - Msg: 1817381

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Technology Stocks : INTC

INTC 38.16

+2.5%

Nov 7 9:30 AM EST

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To: Frodo Baxter who wrote (594)	7/23/1997 2:17:00 AM
From: Paul Engel	of 990

Lawrence - From a simple tax standpoint,let me address this issue. Current capital gains tax is about 28% and state tax (where I live) can be as high as 12%. You may have it even worse, living in "Taxachussets". Thus, any profit you make will be cut up and 40% (maybe slightly different for you) will be given away to the homeless courtesy of the state and federal government. For you to buy back in, you will have to wait for Intel to DROP by 40% just to break even! So, you will be waiting until Intel hits $53 - if it ever sees it again. What do you think of the liklihood of this event? These numbers may vary based on your personal tax situation, but the idea is the same. Changes in the capital gains tax will also change the numbers - assuming the Alternative Minimum Tax doesn't "get you". Paul

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