TheDirectory.com Inc (SEEK)

[Steel Penny]

Short answer: NO. Remember when you bought your house and got your home loan - you didn't pay taxes on the loan & you can deduct loan payoffs against any gain. So your SEEK profit is fully taxable. The best option to reduce your taxes would be to hold the SEEK stock for a year and a day and be taxed as Long Term Capital Gains (LTCG). These rates are 0% to 20%, as follows:

If your tax bracket is:
10 - 15% LTCG are taxed at 0%
25, 28, 33 or 35% LTCG are taxed at 10%
39.6% LTCG are taxes at 20%

Hope that helps. Oh, I've been doing taxes for 45 years.