Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

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Nov 26 3:59 PM EST

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To: Ian@SI who wrote (19985)	6/7/1998 5:49:00 PM
From: Jacob Snyder	Read Replies (1) of 70976

Ian:re: trading costs and effect of taxes: OK, lets assume: 1. commissions continue to decline, so my broker charges me zero commissions, and just makes money lending me margin money, and getting a kick-back on the spread. This, actually, isn't too far-fetched. For me, the spread is the only non-trivial cost of trading. 2. The Democrats adopt a protectionist policy. In 2001, President Bush (the Younger) and the remaining Democrats agree to abolish all capital gains and income taxes, retroactive to 1998. The government will be funded by a VAT, and tariffs on Korean chips. 3. The heavens will open and the angels will sing, and pigs will be seen flying over Washington. Seriously, I can't think of any non-complicated way to take taxes into account in this game.

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