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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: johnd who wrote (35174)12/7/1999 12:03:00 PM
From: carl a. mehr  Respond to of 74651
 
California still have the dreaded:

Alternative Minimum Tax

I believe that this tax can in some cases be higher than the Federal tax.

I hope that I am wrong, but I not selling anyway...humble carl



To: johnd who wrote (35174)12/7/1999 2:37:00 PM
From: Brian Sullivan  Respond to of 74651
 
California taxes all capital gains as ordinary income which for most people on this forum is works out to 9.2%. Thus if you are a California resident planning on selling a large amount stock it would be a good idea to consider moving out of state before selling your stock. Obviously you have to be free from employment in California to change your state of residence.


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