Today's Stock Market Swoon

Max B. Sawicky sawicky at
Fri Apr 14 18:02:18 PDT 2000

. . . Monday is tax day. A lot of winners at the Wall Street casino owe a bundle on their capital gains, and are probably cashing some chips to pay their taxes. . . .

Not likely. Taxes on cap gains are not owed unless you cash in, so you needn't cash in to pay taxes on gains that are not yet taxable.

I'm no tax-planning bandit -- that's a whole career in itself -- but far as I know the only relevant day for tax avoidance is Jan 1, since gains realized then are pushed into the next tax year.


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