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Politics : Formerly About Applied Materials
AMAT 333.69-0.9%10:24 AM EST
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To: Duker who wrote (25665)10/23/1998 1:36:00 PM
From: Jacob Snyder  Read Replies (1) of 70976
 
re: Make sure you set some aside for the IRS

I'm being a good citizen; my intention is to make sure the federal budget is in surplus this year, by piling up short-term capital gains. My wife's salary alone puts us in the 40% bracket; one of us needs to quit working and focus on growing bonzias and raising kids; we're negotiating this presently.

In the past, I've held onto stocks, because I wanted to get past January 1 or 12 months holding period, and ended up paying fewer taxes because I had fewer cap gains, :(
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