Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Morgan Drake who wrote (33350)	6/27/1999 10:46:00 AM
From: JGoren	Read Replies (1) \| Respond to of 152472

You may be right; I looked at Form 6251 and it does not appear to include regular capital gains. I guess I was wrong; I haven't checked the regs or the statute. With respect to ISO's, see the following: sechrestcpa.com As to the exercises, Irwin Jacobs sold all of the shares on which he exercised options early in this year. From the dates, I believe that most of those options were expiring and had to be exercised or lost. As you can see, the tax rate can be so prohibitive that for high income folks, you almost have to sell the stock to pay the tax. As a result, the fact that major shareholders or officers don't keep the stock is not really a very good indicator of "confidence" in the company, especially when they already have a large position in the employer's stock.

To: Morgan Drake who wrote (33350)	6/27/1999 1:44:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 152472

There may be a semantic issue here. If you look on Schedule D, for capital gains, anything held longer than a year is taxed at a lower rate, and the lower rate depends on one's tax bracket. One would think that a lower capital gains rate is the same as a "tax preference." But the people who write all this stuff may have other ideas.

To: Morgan Drake who wrote (33350)	6/27/1999 7:36:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

As a preface to my (serious (?)) comment -- I assume you've heard the joke : New Bill Clinton approved I.R.S. Form 1040 **************************************** Line 1. How much did you earn last year ? Line 2. Send it in. ***************************************** I think the theory of making people who have a huge portion of their earnings derived from long term capital gains ... pay the higher AMT tax rate is : How dare you actually escape the high tax brackets ? We'll get you some other way. Jon.