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04/10/05 10:50 PM

#253012 RE: i_like_bb_stock #253008

Correct, which is typically the tax bracket you are in(i.e. based on your income). Thats why I said you are taxed at your regular income tax rate not the reduced lt capital gains rate. So if you make 1M a year and are in the 37.5% tax bracket, your short term gains would be taxed at that rate.