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To: stan_hughes who wrote (198337)10/17/2002 6:07:38 PM
From: NOW  Respond to of 436258
 
read my lips: no new taxes?



To: stan_hughes who wrote (198337)10/17/2002 6:10:44 PM
From: oldirtybastard  Read Replies (1) | Respond to of 436258
 
Furthermore, if enough of the bear's existing CG exposure gets reclaimed here by a big rally, they will likely be able to close out enough selected positions before yearend such that they will have no CG tax liability whatsoever.

yup, that's why i'm buying calls rather than covering



To: stan_hughes who wrote (198337)10/17/2002 8:10:48 PM
From: Roads End  Read Replies (1) | Respond to of 436258
 
Stan,,,,Historically a good source to juice tax revenue was to decrease the capital gains tax rate or reduce the holding period. As 41 would have said 'uh uh not gona do it'. It truly is different this time. -g-


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