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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: David Smith who wrote (3546)	12/14/1997 11:35:00 AM
From: Dick Jaffe	Read Replies (2) \| Respond to of 11708

That's an intriguing idea . . . living off tax free margin loans. The interest on the loans would NOT be a deductible expense, but if you had no taxable income, so what? You may have stumbled onto something here. Anyway, the sale of your appreciated stock, if held for 18 months, would only be taxed at a maximum rate of 20%. I'm sure you could live with that. With millions in profits, who would begrudge the IRS a 20% cut? Dick PS BTW the 30 day rule is still in effect for tax loss sales.