"Max B. Sawicky" wrote:
> Max, the tax argument is a logical possibility. Say that I sold by
> Cisco or Qualcomm earlier this year to buy a new hot IPO. I incurred
> capital gains, but may not have money on hand to pay my taxes. I have no
> idea how important this phenomenon might be.
> >>>>>
>
> The gains you incurred this year are not taxed until
> next year, tho it's possible you would be obliged to
> pay some estimated tax. But that has nothing to do
> w/April 15. If you realized gains last year and plowed
> it back into other stock, expecting to cash out only
> to pay your tax on 4/15, then there could be some
> effect. Of course, capital gains are taxed at a
> pretty low rate to begin with, and the rules are
> so complicated there is often a way to plan how
> to avoid tax on realized gains legally.
>
> mbs
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu