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itlogic

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itlogic

Re: CaptainD2u post# 526

Thursday, 08/07/2008 4:46:39 PM

Thursday, August 07, 2008 4:46:39 PM

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Am I understanding you correctly? Your saying they are tax exempt until you sell? In other words, while you own it, it's tax exempt. But, after you sell it you have to pay taxes?

Isn't that how all stocks work? Last I checked, I didn't pay taxes while holding any stock. It's only when I sell, for a profit, that I am taxed.

By the way, 401k's and IRA aren't tax exempt either, they are tax deferred.

These are my opinions unless otherwise noted.

Proud member #2 of the "iHub 9". All CAPS will crush the whimpy girly man quotes!!!

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15992

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