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To: ria who wrote (4111)	1/11/1999 1:02:00 AM
From: Moose	Respond to of 29970

If you keep the leaps for more than a year then isn't the capital gains tax rate 20%? That sure sounds right. Someone must shed more light on this for us. BTW, I seem to have overlooked a basic point. In the case of stock, I was left w/$160k after 2 years, tax free, since I had not yet sold. For the leap scenario, I was left with $160k after taxes. Surely, this is a much better position since the former is all taxable at sale time and therefor if I sold it all, I'd be left with only 80%, or $128k. Leaps are better by (at least) $32k. -Moose