In the case of highly appreciated stock, the exact basis will make little difference in tax owed. Assuming a 15% capital gains tax, if a stock has appreciated 10-fold the tax bill is about 13.5% of the sale price, if appreciated 20-fold about 14.3%. Many long term holdings have appreciated more than that.WOW!! This is a great illustration of why it matters little whether you buy a great company at $x or at $2x in the long run.food for thought...market timing ain't all it is cracked up to be, if you are a LTBH-er like me.Teri
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