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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: HG who wrote (15370)11/20/1998 10:09:00 PM
From: Original Mad Dog  Read Replies (1) of 27307
 
Happy Girl,

If only it were 31 percent. With a two-earner household, you have the so-called marriage penalty (which costs me several K per year) shoving you up into a higher tax bracket just from working. Add in some short-term cap. gains -- say from holding 1000 shares YHOO for 9 months and then selling at a six-figure profit (not something we skeptics have to deal with yet; I'm referring to after I've learned to digest the paradigm shifts more promptly) -- and you are in the 36 percent tax bracket. Add in state tax, which for you is confiscatory given the California graduated state income tax, and you're not much better off than you were Down Under. At least here in Illinois we have a 3 percent flat state income tax; none of this tax the rich, feed the politicians stuff.

What does all of this have to do with YHOO? Well, you may recall a post earlier today on the YHOO thread theorizing (speculating of a different kind) that YHOO longs would desert the great god YHOO en masse as soon as their holding period reaches long-term status. I don't think so, as I pointed out over there -- some of the longs have awhile to wait for their gains to reach the magic long-term date; that's the beauty of a prolonged frenzy like this.

MAD DOG
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