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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: portage who wrote (27117)1/8/2003 2:04:25 AM
From: LLCF  Read Replies (1) of 74559
 
I would think the issue is double taxation and would be attacked form the corperate side, not the dividend reciever. Any time you have different tax rates there are ways to create derivatives to create that lower rate for someone. So I would think they would simply eliminate the corperate tax on dividends paid out. People should still pay regular taxes on dividends.

The strategy suggested has been going on around the globe for years where there are differentials in tax rates. Anyone who has coin simply calls his investment banker.

Here's one that you can watch trade at the end of the year on the AMEX every year:

finance.yahoo.com

The play is you buy MO stock and put before the dividend EX date in December... the stock goes EX dividend and the put & stock value goes down by the amound of the dividend and doesn't come back into your portfolio until January. You keep doing this till you feel you've cheated the government out of enough float.

DAK

PS, not to worry Pezz... little guys cant' take advantage of this juicy fun stuff, but I hear they do OK in life. I personally called the SEC and the American exchange numerous times about the trade [as it was trading], but no one gave a rats ass. The compliance guy from the AMEX thought I was an asshole [I was a memeber] for trying to take volume away from the exchange.
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