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Balanced Fare: We Report, You Deride

Friday, January 24, 2003

Darn, Another Tax Scheme Shattered

Waay back beyond links, like last week, I had speculated that, with some dividends exempt from taxes, an appealing scheme would be to borrow money (interest expense deductible) to buy high yield stocks. For example, maybe Wall Street would pitch money market preferred stock to John Q. Public.

Floyd Norris says no. More rules, with interesting implications for prospective short-sellers.

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