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To: Jeff Bond who wrote (6503)	6/30/1998 5:47:00 PM
From: Kory	Read Replies (1) \| Respond to of 14266

Jeff, Good post. The Delaware move has nothing very little to due with income or sales taxes as these are usually calculated on other factors other than state of incorporation (i.e. where sales occur, where payroll is paid, where capital is located, business presence, etc.) For example, most professional athletes have to pay personal income tax in every state they play games in. Every state wants a cut of Jordans pay when he comes to town. The amazing thing about state taxation is that because states vary so much in the factors and calculations, it is possible that in combination over 100% or less than 100% of your income will be attributed to individual states. Obviously a good tax strategy is to have less than 100%. If I remember right, I think over 50% of the Fortune 500 are incorporated in Delaware to take advantage of the favorable incorporation provisions found there. Gotta get out my B-Law book to remember if there are any other factors that make Delaware appealing. Aloha, please pass along the name of your oft-used broker so I can have a new investment. :-) Kory