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Technology Stocks : DELL CLIMAX SITE

DELL 162.01

+0.6%

Oct 31 9:30 AM EDT

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To: Candle stick who wrote (118)	7/31/1997 2:25:00 PM
From: dougjn	of 158

Looks from a NYTimes article this morning that the House bill has an 18 mo period for th 20% rate. Were going to dump all those with less than 18 months into the ordinary rates category; Wall St. howeled and there is now an intermediate 28% top rate for periods between one year & 18 months. the 18% top rate for 5 year periods & longer is in there. The 18 months bit was apparently a last minute White House wangle. Pisses me off royally....Hope, but am not sure that the 28% rate for the 12-18 month period is not just a transition thing to keep post May 7 sellers who didn't know about the 18 months (no body did cause it was a last minute "win" for Demos) from getting royally screwed. Otherwise theres a capital gains tax INCREASE for 12 to 18 month holding periods, i.e. your full marginal tax rate, up to 39.6%. It might actually be worth contacting our Congressmen & espcially Senators on this one....could get fixed in the House Senate conference..

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