Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: greenspirit who wrote (27687)	7/29/1997 9:34:00 PM
From: William Triplett	of 186894

Michael, or anyone else, The Budget agreement announced last night included a cut in Capital Gains Taxes from 28% down to 18% if the assets held for five years or more, and 20% for assets held for less than five years. What is your read concerning the "less than 5 years" timeframe. Is there any time over which a capital gain is realized that WON'T qualify for the %8 reduction? In other words, would the 20% rate apply to cap. gains realized from, say, a day trade? Regards, Bill It's good to be tech

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