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To: Maurice Winn who wrote (12967)	1/8/2002 10:34:22 AM
From: Moominoid	Respond to of 74559

In Australia you'd only be deemed a share-trader if that was your business. Not sure how they decide that, but on your tax return you need to claim expenses, if you are not an employee you need to claim business expenses and then you need to define your business and this has to add up to what you state when you get your Australian Business Number. Implications in Aus are that you won't get the long-term capital gains tax concession - half the standard marginal rates for holding more than 12 months if you are a business - at least that's what I think the implication is and somewhere I read that traders are taxed on unrealised gains as well as realised gains and would need to make quarterly payments of tax on their capital gains! So, if I am still not an employee next year, I will get an ABN and state that I am a consultant and get a little consulting work and definitely avoid being deemed a share trader! I will still need to pay CGT at my marginal rate but only once a year, only on realised gains and only at half the marginal rate if I hold for more than a year. David

To: Maurice Winn who wrote (12967)	1/9/2002 8:26:32 AM
From: Stock Farmer	Read Replies (1) \| Respond to of 74559

I should know better than to write a long post to you. I'll try to keep the numerous replies short. On taxes. I fully understand. It was taxes that almost caused me to stay in the market too. But my grandfather's advice helped. He repeatedly told me "Income taxes are the kind of problem you should strive to have as much of as possible and then figure out how to minimize. Not the other way around." John

To: Maurice Winn who wrote (12967)	1/9/2002 9:52:09 AM
From: Wyätt Gwyön	Respond to of 74559

the best performing company in human history in 1999 in terms of percentage capital appreciation to the end of a year from a start of over $1 billion at the beginning of a year - to exclude little companies [I'm making this up, but I think it might be true]. it probably is true--definitely true for the S&P500. during 1999, there were several small/microcap cos that had better gains, but none of them had a starting point close to QCOM's $4-5BILLION. a pretty unique event.