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To: xstuckey who wrote (73686)2/15/1999 2:18:00 PM
From: JDN  Respond to of 186894
 
Dear X: Whats the problem? Having a little trouble memorizing the 3,000 plus page IRS code? haha. As to the check, been there, done that, HATE it!! As to FAIRNESS--hahahahhahha. JDN



To: xstuckey who wrote (73686)2/15/1999 4:00:00 PM
From: Michael Bakunin  Read Replies (1) | Respond to of 186894
 
I'm sorry, perhaps I'm just too young and poor to understand: what's complex about capital gains? If the price goes high enough, those with embedded gains probably should just take the hit.

If you have sufficiently large embedded gains, and want to get out of a position, you could trade into a diversified portfolio without paying cap gains at all with just a modicum of effort. But such a strategy would fail your two 'absolutely required' criteria.

Cheers,

mb