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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Pr-Ac Man who wrote (13221)	1/2/1999 2:45:00 PM
From: Colin Cody	Read Replies (1) of 19331

PA your reading of the law is correct (although they have been monkeying around with the exemption from 100% of last year's tax to 110% of last years tax) and the replies I read so far were also on target. The charitable gift might be interesting. If you gave away $10,000 worth, you would be left with $4,300 cash (est max tax rate savings) after taxes. Whereas if you just kept those shares you'd get to keep $7,500 in cash after taxes. So for a net cost to you of $3,200 to you your charity received $10,000. (but see itemized deduction limitation below) You might also consider prepaying your state income tax in December in order to get a current year deduction (subject to the AMT and subject to limitation below) You might also payoff all margin loans as the interest would likely not be deductible to qualify for the 20% rate. You might also defer all other itemized deductions until 2000 as these would likely not be deductible. (but see charitable deduction above). You also might look into a special tax deferral by investing proceeds into SSBIC stocks. You also might look into gifting low priced shares to younger generations (and lower 10% brackets). Good Luck! Colin

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