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Message: [QUOTE="Sifaka, post: 5343524, member: 8516"] Your naivety in financial matters is cause for great mirth. Imagine you bought 100 shares of NYSE traded stock Wombat Excelsior at $7.00/share. Five years later you sold it for $37/share. $3,000 is the difference between the purchase and sales price. Your friendly IRS calls that sum profit. Your tax accountant calls that profit. You insist that it is not profit. Your friend Henry bought a WNBA ten some years ago for $5 million. He sold it last week for $205 million. The difference between purchase and sales equity ownership prices = $200 million. The IRS taxes that amount as profit. Henry's tax accountant calls it profit. You insist, with equal measures of vehemence and ignorance, that it is not profit. Ignorance is bliss. [/QUOTE]