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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Nelson Chang who wrote (2112)4/2/1999 7:24:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
The rate the IRS charges on the non-payment of the estimated taxes is about 9% per annum. No big deal.

Borrowing beyond April 15th for the prior year's taxes carries a higher cost, but if you're doing extremely well in the market... who cares? pay the price.

You can also consider getting a MasterCard with a large enough credit line and charging the whole thing on April 15th for a 2% fee plus maybe 15% interest.

Colin