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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

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Nov 21 9:30 AM EST

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To: Zoltan! who wrote (10428)	11/13/1997 9:00:00 AM
From: LordDarley	Read Replies (1) of 77400

<Last time I looked the Treasury does not give refunds for error of forethought> How right you are. I recall arguing with clients whose "financial planners" had told them it made sense last year to take big taxable distributions from their IRA's because there was only a 3 year repeal of the 15% excess distribution tax. Fortunately, my clients listen. But there must be a lot of people who are quite angry after taking big (e.g. $1m) distributions and who now see the 15% tax has been permanently repealed. Regards, LordDarley

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