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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST
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To: Scott Overholser who wrote (6566)5/27/1999 11:32:00 PM
From: R. Ramesh  Read Replies (1) of 17183
 
are you living in united states?

Yep.

if so, the answer is this: you must pay taxes when you are required to file your tax return. taxes on
capital gains taken today must be paid no later than april 15, 2000. of course, the irs would like you
to make scheduled payments over the year - there is a form for doing that.

This was my understanding too - but was not sure due to the penalty class. Also I was trying to take into account the potential profit
on the unpaid tax (that you could earn if did not pay tax immediately). Any way it is getting too technical and probably of little value now that you understod my train of thought in raising the issue.

Good luck to Holding or Trading

Regards
Ramesh
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