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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (50725)	7/26/2002 3:58:53 PM
From: Brian Sullivan	Read Replies (1) \| Respond to of 64865

Not like property tax -- like income tax. If your employer (with your consent) paid you in lottery tickets instead of cash, what would your income tax liability be? Presumeable under your proposal you would pay taxes on the expected amount of winnings that you would get after you scratched off all of the lottery tickets. But to make the example more concrete you are required to pay taxes on the expected winning the day I give you the lottery tickets, yet you aren't allowed to scratch off the tickets for three years. And if you don't stay employed at the company you have to give the lottery tickets back the day you leave, but you have already paid the taxes on their supposed worth.