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Technology Stocks : Intel Corporation (INTC)
INTC 43.75+0.6%Dec 3 3:59 PM EST
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To: John O'Neill who wrote (63602)8/31/1998 1:38:00 AM
From: carl a. mehr  Read Replies (2) of 186894
 
John and All,
I looked at those inside sales before you brought them to my attention and observed the following in the case of Gorden Moore:

Mr. Moore owns "one hell of a lot of Intel stocks" and you might for discussion purposes assume that the price paid for those shares are near nothing. So when he sells, it becomes a 100% gain and taxed as such. But wait just one minute! Didn't we learn from Ted Turner how to deal with such a problem, and give millions away?

The answer is to give shares away to a tax deductible organization. These shares are evaluated at the current price of the stock at the time of the gift, and you get to declare that value as the amount that you gave. It does not matter what you paid for those shares.

It should be clear to the most casual observer that:
if the amount of profit on shares that you sell =
value of shares given to a church or other tax deductible organization,
then the transactions have no tax consequences.

So who thought that "The mouth of the South (Ted Turner) was giving millions away? I think that he really helped himself quite well, by simply following the tax laws of this great nation. Nothing wrong with that,
humble carl



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