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Technology Stocks : Cymer (CYMI)
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To: C E D who wrote (12064)12/29/1997 4:06:00 PM
From: Elroy Jetson  Read Replies (2) of 25960
 
Using the current top tax rate of 28%, a capital gains rate of 21% (if memory serves correctly) saves you 7%.

If Cymer rises from $15 to $45, holding for 18 months to qualify for a Captital Gains Tax Rate will save you $2 a share on a $30 profit. If your money is in an IRA, the tax savings are zero.

For this reason, I believe tax rates are too low and the holding period too long to make tax consequences an important part of investment strategy. If Cymer were at $45, a $2 move up or down might be typical volatility for a single day.
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