Posted on 07/20/2004 4:29:41 PM PDT by mikegi
You have to watch those little guys. They are like bugs. I went to bed one night, leaving the computer on, and when I came back in the morning their little city had outgrown the monitor and spilled out into my den. I probably stepped on, and killed, thousands of them trying to get to the power switch to shut them off.
I hear that in the next rev, there's going to be a new kind of disaster called "The Giant Foot."
Bill had better save some $s to settle with the burst.com shareholders.
http://www.freerepublic.com/focus/f-news/973466/posts
The one time dividend Microsoft will be making will be a taxable dividend. It will be taxed as ordinary income, and it will have no effect on the shareholders' adjusted bases in their shares.
It is possible for a corporation to distribute cash to its shareholders in the form of a non-taxable return of capital. In such case the receipt of cash is not taxed, but the shareholders must reduce their bases in their shares by the amount of non-taxable cash received.
We'll probably be sorry we talked about this. Somebody in Congress might see it. As soon as they figure out that the IRS can get you coming or going, but not both, they'll probably change the law so they do get you coming and going.
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