According to my interpretation of the IRS code (from their web site), gains from discounted stock purchased under an employee stock purchase program are NOT eligible for the 20% capitol gains rate REGARDLESS of how long the stock is held. The catch word is "discounted". In other words, if I purchase stock at a discount (say 10%) through my company, when I later sell the stock the gain is taxed as regular income regardless of how long the tax is held.Can someone with more experience confirm or refute this?Thanks
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