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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: OtherChap who wrote (5491)	1/2/1998 1:26:00 AM
From: Mama Bear	Respond to of 27307

Hmm, if these folks were to wait until July, would there be a difference in the date they'd be required to pay their taxes? (Hint: its a trick question). Answer below. >>>Yahoo will lose 10 points tomorrow. Everyone who is sitting on 500% gains for the year were waiting for Jan 2 to sell, so they wouldn't have to pay massive income taxes on that money in 4 months. Now they'll have 16 months to pay them, when they sell tomorrow.<<< Yes, the taxes on the gains would then be due as a quarterly payment by 9/15/98 (or is it 10/15/98?) If your tax due is >10% of your with holding your goin to pay penalties and interest. Seriously, my observation of human nature says that people get greedy when they have gains like this. I'm really starting to find this reverse January effect that so many are expecting to be farfetched. We shall see. Barb!