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To: chic_hearne who wrote (42240)	11/29/2000 10:53:23 PM
From: Oblomov	Respond to of 436258

Does the 18% start from Jan 2001 or Jan 1996? Either way, it sounds like a non issue to me. It starts in January 2001. Let me complicate this even more for you: If you are currently holding a stock, and want to hold for at least 5 more years, you can do an "imputed sale" of the stock in January. That is, you do not actually sell the stock, but as far as the IRS is concerned, you have sold the stock and bought again on the same day. So, the IRS will get taxes on the cap gains to this point, but then you would only pay 18% on LT gains from Jan 2001 forward. But, I think you're right - it will have little effect on the market.