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

To: tcmay who wrote (165614)	6/1/2002 6:54:39 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

TC, I was wrong with the 2% thing...I apologize. needed another 0 between the . and the 2. It was 2 dollars a "thousand" a couple of years ago...raised steadily from $.5 a thousand when Lawton Chiles (D) was in there. When Bush got in he lowered it to $1.5 and then $1 per thousand however the amount of the exemption went down to compensate somewhat. The point is that in the last 2 years the windfall the state (and no doubt spent) got due to the .com run has completely evaporated. As you can tell, since the tax is punitive in nature against those who actually saved something in their life, it's rather unpopular...but any thought of reducing it goes to the "gift to the rich" category. Another thing I don't like about it is that you have to list all your assets and send it on up to talahassee for someone you don't know to look at. You can even make a photocopy of your brokerage statement for them. Not only that but it's just another pain in the butt form you have to fill out with a whole bunch of the usual threats and penalties if you don't. Yes it's currently $1 thousand...just looked at my form. Actually the tax was all set to be eliminated but Bush didn't suppport that. I suspect that soon since revenue shortfalls are right around the corner in some sectors of government that the window has closed to eliminate the kind of taxes. Jim