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To: ayahuasca who wrote (13287)	3/24/1998 11:07:00 PM
From: Josef Svejk	Read Replies (2) \| Respond to of 31646

Humbly report, Mark, regarding capital gains: numen-lumen.com #Subject-5727 and #subject-17266 may also be of help. Svejk (GL-15 applies: digiserve.com ;-)

To: ayahuasca who wrote (13287)	3/26/1998 10:46:00 AM
From: Dr. J	Respond to of 31646

Short-term gain capital gains are taxed as ordinary income. Consequently, if you are in the marginal 36% bracket, short-term gains are taxed at 36%, and your capital gains are taxed at 28% or 20% depending on holding period. If you are in the 28% bracket, short term gains are taxed at 28%, and capital gains are taxed as above If you are in the 15% bracket, short term gains are taxed at 15%, and capital gains are taxed at 15% or 10% depending on holding period. Of course, they'll probably tinker with this again in future years, so it's not good to count on this for the long term.