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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (16082)	1/6/2003 2:10:12 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 78582

WR, The munis and corporate markets would die ONLY if preferred stock dividends are tax free. Not likely, IMHO, but then, it's not like this Administration knows what they're doing.

To: Wallace Rivers who wrote (16082)	1/6/2003 4:38:13 PM
From: Don Earl	Read Replies (2) \| Respond to of 78582

OT dividends. I ran across this article this morning: nytimes.com Personally, I can't see much reason why the average Joe collecting .08 each on 100 shares of INTC will be getting overly excited. IMO a tax cut on gasoline would be more exciting and would have an effect on the economy in less than a year. My take is it's a red herring to draw attention away from an unprovoked attack on Iraq.

To: Wallace Rivers who wrote (16082)	1/6/2003 10:26:11 PM
From: James Clarke	Read Replies (1) \| Respond to of 78582

Expect REITs to also be hurt relatively because their dividends are already only taxed once so they'd surely be exempted. Can't wait for the REIT sector to break down so I can find some bargains there again - thats one of my forecasts for 2003.

To: Wallace Rivers who wrote (16082)	1/8/2003 2:02:58 AM
From: Bob Rudd	Respond to of 78582

OT - Taxation of corporate dividends:<<sectors which could be hurt by this idea. What would happen to the muni bond market>>Making already-taxed dividends tax-exempt would, of course, cause some heavy dividend payers to be bid up [already has] vs non-affected sectors such as Reits, Treasuries and Muni's. Since money markets are among the non-affected areas, money may be drawn from them to dividend paying equities. Muni's will probably not suffer much net as this years record issuance should subside...the supply has pushed muni yields to a narrow discount to taxables. Reits are due for a pullback. Depending on how the new rules are structured, there could be some 'game playing' like dividend capture: Tax changes like this nearly always throw off unintended consequences.