Message-ID: <20742580.1075857593279.JavaMail.evans@thyme> Date: Wed, 31 May 2000 00:34:00 -0700 (PDT) From: john.arnold@enron.com To: bill.white@enron.com Subject: Re: IRS Beers Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: John Arnold X-To: Bill White X-cc: X-bcc: X-Folder: \John_Arnold_Dec2000\Notes Folders\Sent X-Origin: Arnold-J X-FileName: Jarnold.nsf Stupid taxes Bill White@ENRON 05/30/2000 04:52 PM To: John Arnold/HOU/ECT@ECT cc: Subject: IRS Beers Remember we were trying to figure out the difference in return between tax free investment growth and annually-taxed investment growth? Turns out that it is different, but over 5 years and a 10% growth rate, it doesn't amount to much more than the cost of our beer tab. See attached.