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echo: locuser
to: Rod Speed
from: Paul Edwards
date: 1996-04-11 10:18:18
subject: get rich quick

PE> No, I said the same rate.

RS> I KNOW you SAID that, and *I* said that the tax dept wont allow that.

It's their rules.  Divide capital gain by 5, find out how much extra
tax you pay, then multiply by 5.

RS> And thats where I am saying you are having your massive brain
RS> fart. If you are achieving a realised capital gain of $250K
RS> every single year, you WONT be paying tax on an income of $50K.

tax RATE.

PE> This way, you pay 1/3 tax on $250k instead of 1/2 on $250k.

RS> I dont believe it is possible.

Why not?  It's their divide-by-5 rule.  Or doesn't that apply to
people who kill pigeons?

RS> And if it was that simple, dont you think someone
RS> would have already calculated that and done that ?

PE> They may well have done, and realised that with the
PE> volume they require (AMP etc), they can not get into
PE> mining stocks, because they would totally swamp the market.

RS> Pigs might fucking fly too.

That's what they said in "Making Money Made Simple" or "More Money
with Noel Whittaker".  BFN.  Paul.
@EOT:

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