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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Alastair McIntosh who wrote (49810)7/20/1998 6:52:00 PM
From: TideGlider  Read Replies (1) of 55532
 
I know that to be true Alastair. It was among many of the changes made last year. I still haven't researched the admin law/ regs. I don't know the thresholds. To me it is a meaningless law. It only serves the IRS coffers. However, people profiting from the decline of a stock should be just as liable to taxes as their bullish counterparts. I suppose it is an equal treatment under the law, although I doubt that was the motivation behind it.

TG
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