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Strategies & Market Trends : Expirationless Options (XPOs)- The Next Big Thing
XPO 141.09+0.7%Dec 24 12:59 PM EST

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To: Win-Lose-Draw who wrote (29)7/9/2005 10:05:46 AM
From: VLD3  Read Replies (2) of 60
 
So the IRS is going to rewrite Section 1032? Sorry pal, they have already tried twice, it went all the way to the Supreme Court (twice) and the Service lost both times. The tax-deferment of open transactions is the law of the land, and this Court is not going to reverse itself on that issue. The Court is moving to the right, not the left.

Option income is tax-deferred; margin income is tax-deferred; transactions by a corporation in their own stock is tax-exempt. That's not going to change.

I would like to hear your arguments, though, about why an equity issue by a corporation should be taxable.
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