Tom, you ought to live in New Zealand. Leap Wireless International share issue is not considered a taxable payment here, nor do I have to pay capital gains tax on either Qualcomm or Leap. Capital gains tax is only payable by 'traders' which is a somewhat cloudy definition which the courts decide on an individual basis depending on trading history, and various factors leading to the conclusion that the person is not a long term holder and taxable dividend collector.
Of course, when it comes to other taxes, you need to leave New Zealand! Overall New Zealanders get ripped off about 50% of income when alcohol, gasoline, cigarette, GST, licences, permits, rates, income tax, television tax, this tax that tax and the other tax are included.
Meanwhile, Mighty Q at last heading for $80 and pdq I hope! I suppose the worldwide crunch was just too much for Qualcomm to oppose singlehandedly. Limtex, did you bid Qualcomm farewell from its natural home with tears in your eyes? This time it bloody well better not go back there again! I'm sick of it.
Mqurice
Yayyy = the next genration one they are showing today at PCS98 is a waveform compatible overlay system which can do around 600k bps to the user and around 200k bps back from the user. |
