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IRS Wants to Tax Company Stock-Purchase Plans
The Macon Telegraph 
July 23, 2001 "The [IRS] is considering applying the 7.65 percent wage tax to many stock-purchase plans. More than 15 million people participate in company stock-purchase plans that permit them to buy shares in their company at a discount -- - usually 15 percent -- - below market price. The IRS proposes to impose the wage tax on the difference between the stock's market price and the discount plan's purchase price." MORE >> |
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