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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (30126)2/17/2004 2:20:25 PM
From: DMaA  Read Replies (4) | Respond to of 793931
 
I never understood that. Why would you deliberately lose a dollar in order to save 70 cents?

All this done for the writeoff. High bracket then was at Kerry levels about 70% so you can see the need for losses to offset gains.



To: michael97123 who wrote (30126)2/17/2004 3:35:04 PM
From: redfish  Read Replies (1) | Respond to of 793931
 
"So what was common back then was for the broker representing high bracket liberal hollywood types (or rt winger-haliburton types) to open a contract both sides and put the one who needed the loss on the losing end. All this done for the writeoff."

That brings back painful memories of when I worked for the government and was involved with tax shelters. Butterfly straddles and other incomprehensible stuff.


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