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Monday, November 22, 2004 9:33:44 AM
Stehvestor was a realist [pessimist] when he came on this board, I think he said he was here 4 years.
You already being a believer ........will become Johnathan Livingston Seagull............
Welcome
Steh for estate planning ,and hateing to pay income tax, highly appreciated stock is gifted [ get a trading account for them]and just get there name on the stock.....
Example : you can also get them some money by selling some stock in there name. They have your cost basis and your holding period.
Watch out: [ AMT]-aLTERNATIVE INCOME TAX THE 15% TAX BRACKET ON LONG TERM GAIN IS A TAX PREFERENCE ITEM AND ONCE YOUR INCOME ,ALL TYPES GOES OVER $150,000 you will pay 29% on the gain from this sale of SCMI stock.
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