Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.25

+0.4%

11:42 AM EST

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To: Jim McMannis who wrote (71679)	1/20/1999 3:15:00 PM
From: Robert Douglas	Read Replies (2) of 186894

Here's one more delightful thought. When the United States Government sells a stock, will they pay capital gains taxes? Ridiculous question, I know but hear me out. When I sell a stock at a profit, the government takes their requisite 20% right? So then Uncle Sam takes my capital gains and buys, possibly from me selling shares to pay taxes, stocks in the open market. Sam's purchase drives stocks up further and creates even more taxable gains that end up in his pockets. Interesting circle isn't it? More surplus, more capital gains, etc. etc. concentrating more wealth, more power and more financial influence in that great body of benevolence and efficiency, the U. S. Government. Hey, here's an idea. Cut capital gains taxes and let us invest our own money in ideas that we think add real wealth to the citizens who make up this country. -Robert

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