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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Olu Emuleomo who wrote (56064)	5/8/1999 10:44:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

AMZN: LEGG MASON WOOD made new estimate for fiscal year ending 12/99 of $-1.69 on 05/06/99

To: Olu Emuleomo who wrote (56064)	5/8/1999 11:21:00 AM
From: Wayners	Read Replies (2) \| Respond to of 164684

I don't know about gladly. The problem is fairness. Lets say for example you make $1M this year :). But lets say you lost $1M last year :(. What is your net gain over 2 years? The big goose egg. How much tax should you have to pay on the big goos egg? Zero IMO. How much gain does the IRS make you pay tax on? That's right, $997,000. That is flat out wrong. You could potentially be paying large taxes on absolutely no gains over a lifetime. The $3,000 per year max thing has got to go. What if every other year you make $1M and lose $1M? Over time you will go broke, just from the taxes.