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To: Ibexx who wrote (101283)3/22/2000 11:38:00 AM
From: Elmer  Respond to of 186894
 
Re: "Surely you can afford the long-term capital gain tax rate of 28%"

I thought LTCG rate was 20%? Like many here I wouldn't know for sure because I never sell!

EP



To: Ibexx who wrote (101283)3/22/2000 11:48:00 AM
From: miraje  Read Replies (2) | Respond to of 186894
 
Ibexx,

Surely you can afford the long-term capital gain tax rate of 28%.

I believe that the long term CG tax rate is 20% (plus most states will get a cut, too). My cost base in INTC is around $10 and my MSFT is less than 50 cents. Selling would make Uncle Sugar very happy. Taking a 20%+ haircut does tend to make one conservative in contemplating portfolio reallocations.

Regards,
JB


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