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.

Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (2642)	10/16/2000 11:52:59 AM
From: American Spirit	Read Replies (1) \| Respond to of 10042

Just incorporate yourself/your business and then travel a lot, plenty of dinners, SEP IRA, invest in a business etc. If you're upper income and paying more than 20% you need a new accountant.

To: Bill who wrote (2642)	10/16/2000 1:50:55 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 10042

E-bill, if that Million was Long Term Cap gains (like most of the money Gate makes), $200,000 will be the tax. If if it was "royalties" on Intellectual property licensed exclusively, it is LTCG and taxed only at 20%. Acredited investors (by definition worth more than $1 MM) can pool their money into VC firms, once they cash out by selling a bunch of dot.com to the newbies, they pay only 10% cap gains (the super Cap gains law of 1995 or so), if they held their pre IPO stock for a period of 5 years. You see, there are a lot of ways to avoid paying the current marginal rate of 55% that most small independent business people earning in the $100,000 to $200,000, pay. All legal. Zeev