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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (123400)	12/19/2000 11:16:38 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"tax revenues will be cut because of naz dropping 50%. tax revenues were high because of high, rising stock market leading to huge capital gains, spending, income, employment" Very true. The Congress cut the cap gains on sale of a primary residence to 9% and gave up that revenue stream a couple years ago. Some mutual funds with throw off distributions to shareholders despite losses. The holders will have to sell the funds to counter. That should kill any rally in the stock market until next year. Tax loss selling of individual stocks will be uses to lower taxes paid on income. I suspect the govie coffers will be relatively empty come April. So there goes the tax cut. Jim