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Technology Stocks : George Gilder - Forbes ASAP
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To: Cosmo Daisey who wrote (5785)12/21/2003 7:31:54 PM
From: Phil(bullrider)  Read Replies (1) of 5853
 
George Gilder once had 110,000 subscribers to his technology-oriented newsletters. Now, after the bubble, he has 8,500. When his subscribers fled so suddenly, Mr. Gilder’s tax bill skyrocketed. As long as the number of subscriptions is rising, taxable income is nullified by new subscriptions. But when subscribers are lost, each expired subscription means the income has been earned and taxes must be paid.

gigaom.com

Have fun,
Phil
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