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Technology Stocks : IMRS racking up y2k contracts. -- Ignore unavailable to you. Want to Upgrade?

To: megazoo who wrote (2248)	2/16/1998 11:11:00 AM
From: paul e thomas	Read Replies (2) \| Respond to of 3162

In 1997 if you have ordinary income or short term capital gains above a taxable income of 271,000$.irrespective whether you are a married person filing jointly or a single person.You must also deduct from your itemized deductions 3% of any ajusted gross income above 121,000$. In addition for income above 181,000$ you lose 2% until your standard exemption is wiped out. Therefore the incremental tax rate at a gross capital gain of 200,000$ is 44.6%.This confiscatory rate for aggressive risk taking involved in buying year 2000 securities bugs me no end and I will try to cut my tax bill as much as the law allows.