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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.23

+1.8%

Nov 28 12:59 PM EST

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To: jawd who wrote (8737)	7/4/1998 12:42:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 164684

jawd, re This fool has 95% of his money in US Treasuries on a seven year ladder. I play day trading with the other 5% (about $200k). So 200,000 = .05X, in algabraic terms. Solve for X by going 200,000/.05 = 4M. Cross check: $4M times 5% = 200K. Question: If you sold your company for 20M (When this jerk sold his company for $20M - he legally never paid a cent in tax of any kind.), what happened to the other $16M? >I found a legal way, with advice from Price Waterhouse to keep every cent thus saving millions.< I'd be interested in knowing how you didn't pay any taxes on the capital gain from the sale of your company -- you did have a capital gain, unless your basis was so high that there was no capital gain. Edit: My guess is that your capital gain would have been $16M. So you kept your basis of $4M, and did some form of "like-kind-exchange", in which you invest your capital gain in something similar to what it was in - this would explain the missing $16M. Close?

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