Word: greisman
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Dates: during 1970-1979
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Farewell Angel. For one thing, says Bernard Greisman, a Manhattan tax lawyer who edits the annual J.K. Lasser guide, Your Income Tax, "the play has been taken out of holding on to a hot stock." Under the old rules, the tax differential between long-and short-term gains encouraged investors to keep their stocks for at least six months. Greisman believes that the new rules may result in a more volatile stock market, with many more "in and out" deals...
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