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Re: scubastevemd post# 4374

Monday, 11/29/2010 1:00:23 PM

Monday, November 29, 2010 1:00:23 PM

Post# of 31338
Hi Scubasteve

Well I see your point, but I am not concerned about the receiving of the shares---it is in motion and out of everyones hands other than the the "ploiticals"---

Now,, on the other hand,,, were we not to get the shares,, the whole "Ballgame" would be over---IMHO---forget having a reason---it just will be over---just imagine the different lawsuits

As for the tax---I just talked with my tax guy---my liability is from zero to what ever price I sell for --- if in the first year of receipt.

If I have established a capital gain position, then it is capital gain tax from the basis price---whatever that will be....as he says that I will have an income tax to pay from zero to the basis price based on income---if I sell in the first year---

Methinks I should get a new tax guy or some other points of view from an AZ tax guy---we have state income, state cap gain and Fed income tax Fed cap gains and state sales tax,cigarette smoke tax, booze tax, city jail tax and illegal alien tax and I don't konw what-all else-

cheers, I think
Art

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