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Technology Stocks : Apple Inc.
AAPL 272.16+0.1%3:59 PM EST
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To: KeepItSimple who wrote (55776)8/12/2006 4:24:26 PM
From: M Paquette  Read Replies (1) of 213177
 
> You can't tax a piece of paper- it can't produce anything.

Not a Florida or Kentucky resident, eh? These states, as well as a number of local municipalities, have an intangible property tax. Depending on details of the jurisdiction, you may owe annual tax on those pieces of paper. Not the interest or dividend income, but the actual stocks, bonds, and even accounts receivable between companies or individuals.
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