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Re: A deleted message

Sunday, 07/29/2012 9:29:48 AM

Sunday, July 29, 2012 9:29:48 AM

Post# of 160012
I think if you sell in jan and buy back in jan, that is called a wash sale. The guy should have a better tax man.

If after she blows we would propably never see a nickle again? What ever happened to $1 $5 or $10 ? Or I guess it could blow the other way and go BK.

So you may have 13 million shares and you just added $5000 worth. What is funny is 13 million shares is $130,000 at todays prices. When it was 4 cents that would be $520,000. It is a great idea to hold and not paid taxes. If you would have sold and paid taxes it would have been $390,000 profit of which in your tax bracket $195,000 would go to taxes and the other $195,000 could have bought a NEW PORSCHE AND 13 million shares of ICPA. Just think of owning 26 MILLION shares while driving around a NEW porsche and going to the country club bragging about paying $195,000 to the IRS.