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Post# of 94785
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derek2000

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derek2000

Re: derek2000 post# 18562

Tuesday, 12/22/2009 12:18:44 PM

Tuesday, December 22, 2009 12:18:44 PM

Post# of 94785
AAC - Please use IRA account if you decide to buy AAC

As I mentioned in my previous article, I decided not to buy.

But if you see value in it, then please buy using your IRA account.

Otherwise, you will be hit by uncle Sam (federal) and Sam Jr. (State and local) for taxes.

Assume an effective tax rate of 50% (Fed + state + local + ..), you are paid back up to $0.275 back to the gov for the dividend.

That means you are paying $.72 per share for a tiny share of the future company.
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