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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: Blue Snowshoe who wrote (254)	2/22/1999 2:21:00 AM
From: Joana Tides	Read Replies (1) \| Respond to of 7442

Worrying about next years taxes at this time of this year kind of tells that (just once in awhile) my friends may be right when they say "Joan stop being such a worrywart" must admit LOL!! Blue you know how to say just the right words as always. I understand what you said in that excellent tax post Ten-Four 909; as I think you (been there, right? how long ago was it you felt just like me?) grokked that my fear was the increased complexity of the stepped-up trading getting me into trouble owing money from some tax surprise hitting me unawares. Good advice from accountant to figure it out more often from here on in with trading more, topped off by your great explanation in plain enjoyable terms of how to plan it and the logic behind it, has me completely relaxed about it now, thanks. Not that I mind paying taxes due (proud to, actually); but I was boggled by the clerical complexity and necessary planning to keep it all in line properly. Do it more often, (not just year-end anymore), keep it in mind, view it properly, and suddenly it transforms into yet another 909 "Take A Lemon And Make Lemonade" Opportunity the way you put it... what a great and postive way to look at it, like a mogul!! That "Voodoo Economics Physics Thing YingYang" which of course would work to increase the gains when planning for the opposite (a win/win situation) is the best surprise of all!! Kind of like shorting nets but without any risk at all now that's what I call fun!! Good idea to play with pennies with profits only, never basis from Class A's...(that's a mistake I've been making which has caused a sector imbalance which has mystified me so will now rectify it this week which is a VERY good week). I've been bamboozled but now I'm OK (coming down from the rush of all those trades with a crash!). The accountant, then you, straightened me out and simplified it's really just a few more clericals needed to keep it all on an even keel...put money aside, pay estimates, thats it. Now looking forward to utilizing the "Voodoo Economics" to dare the market to go against my plans! Uncle Sam especially likes the turmoil! Whatever work done with investments ultimately benefits himself- if there's cg losses so the individual taxpayer pays less capital gains for the year, the start-up company is getting funding for its operations which means tax revenue and it also benefits the economy/sector as a whole as a result of the investment whether or not it panned out for the individual. It leads to taxes collected from the Co. & it's workers. A transaction is a commission and the broker pays tax on that as income. Not to mention that the more money an investor has left to put into the market, the more taxes all around will be generated on it in the future as a result of the activity. As far as It's Like Income Tax, Yeah, never thought of it that way. Make More Money, Pay More Taxes, Logical. 909, Joan (uh oh me too, boom boom at the door, suits, black cars, gotta go...)