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Thanks for the replies. I didn't think that the government would object to my paying taxes now rather than later.

I have a large (for me) amount of dollars in stocks that will generate long term capital gains. Earlier this year I sold other stock with a large long term capital loss and I wanted to sell enough of the winner to take advantage of the 5% LTCG tax rate and to rebuy it because I expected it to begin a strong new growth spurt by the start of the year.

I plan to take advantage of the 0% rate the next two years and may even take advantage of the 15% rate because I expect these low rates to expire in 2010 with the current make up of congress.

Do you see anything wrong with my plans? If there is a better way, I would appreciate hearing about it.
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