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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (25040)	1/18/2003 7:58:18 PM
From: DebtBomb	Respond to of 30712

barrons.com

To: Boca_PETE who wrote (25040)	1/19/2003 9:55:24 AM
From: farkarooski	Respond to of 30712

<<BUT it will help retirees who live off the dividends on their taxable portfolio.>> dude, I don't think so ... if these retirees are in stocks, it is highly likely that whatever their portfolio be helped by the dividend not being taxable would be killed by the declining market ... if they want to live off dividends, they might as well move to money market or CD, and a higher interest rate will help these folks much better than the non-taxable dividends ... I have to agree that "dividend plan is the biggest bullshit" in terms of market stimulation ... though I agree that dividends should not be taxed twice ...

To: Boca_PETE who wrote (25040)	1/20/2003 2:16:55 AM
From: LTK007	Read Replies (2) \| Respond to of 30712

<<BUT it will help retirees who live off the dividends on their taxable portfolio. Surely you do not believe this group is likely to short stocks at their stage of life.>. some would:) But yes this tax free dividend would be quite a benefit for the retired and i would exploit for sure:) here is key point in the fine print on the dividend plan that if it becomes a reality must be noted. It is this, those companies that pay out dividends but do NOT, in any particular year, pay taxes, will then have those dividends paidout to shareholders TAXED at the present level. So beware. If this dividend plan goes into effect preferred stock will be come much more available and popular. But Munis will suffer. If passed it would cause MAJOR changes in fixed income investment. Max