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 : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (1997)	6/26/2000 10:50:00 AM
From: Curtis E. Bemis	Read Replies (2) \| Respond to of 3951

Sure I pay taxes W2, where I work. The topic is short-term capital gains--taxes at work have nothing to do with it. So, you scalp $1200 with a 4$ pop in SDLI on 300 shares. Give half of that to gummit-- unless you are a lousy trader and that balances your loss on something else. Don't forget to pay commissions either.

To: Mama Bear who wrote (1997)	6/26/2000 11:54:00 AM
From: SJS	Read Replies (1) \| Respond to of 3951

Not at all. Try Massachusetts. 12% tax on any ST cap gains. If you make 4 figures trading, then add your salary, you can easily move from the the 28% bracket to the 33%. So now you're at the 45% "take" level. If you're very lucky or very skillful (or both) to make 6 figures trading, then again add your salary (if you work), you're going to be in the 39.6% Federal bracket. Add 12% again, and your at 51.6% total ST tax. So.....you do have to be lucky, but if you've invested in tech stocks like JDSU, SDLI, and/or other opticals or chippies, it takes NO time at all to have obtained multi-100% gains since mid 1999, about 1 year ago. Steve