Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (38451)	1/14/2005 8:24:28 PM
From: kollmhn	Read Replies (1) \| Respond to of 206326

Or, you could put it into a UST note like the 1.50s of 3/31/06. It yields 3%. However, only the coupon is taxable at ordinary income rates. That other 1.50% is long term cap gains at 15%. Plus, there's no state income tax on the coupon (and probably little on the cap gains portion). So, at worst, I figure it's about 2.25% net AFTER tax. Not bad for one year idle money, in my book. We (here in NJ) have had a terrible turn of events. Last summer, that disaster of a governor (McGreevey) pushed through a new tax bracket on top of the old one (6.37% at $150,000+. Now there's 9% (8.97% to be exact) at $500,000+. Well, it's not just the high rate but it's unique NJ tax code that makes me beserk. It is a GROSS INCOME state system: 1-no deductions for ANYTHING. (including interest expense incured to earn interest. No "carry game" to be played, here) 2-no tax loss carryforwards. (So, NJ shares in your wins but not your losses) 3-Long term cap gains are ordinary income in NJ. 4-Dividends get NO PREFERNTIAL TREATMENT. Wonder why people around here are going to move to Florida?