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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Dragonfly who wrote (365)6/24/1998 7:38:00 AM
From: Turboe  Read Replies (2) of 1383
 
Just changed to 12 months in IRS overhaul-- over 12 is now 20% unless you are in 15% bracket-- then 10%.

Anything under 12 months is ordinary income...

What is the deal with over 5 years or whatever? Is it really 8%?
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