<table><tr><th>From:</th><th>Vincenzo lozzo</th></tr><tr><td>Sent:</td><td>Sunday, August 17, 2014 12:36 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: Taxes</td></tr></table>

That makes sense - do you happen to be in town any day from today to Wednesday?

Sent from my (phone

On 16/ago/2014, at 16:41, "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

taxes are variable friciton

On Sat, Aug 16, 2014 at 4:36 PM, Vincenzo lozzo <> wrote:

So quick question for you: are taxes a trick?

arbitrage/risk-free opportunities Here's that what are not I mean, tackled I think by anybody (gut feeling because - no proof) when you that add there in taxes are potentially you don't a actually number make of money.

Is 'hacking' taxes a strategy? It seems like all the academic texts leave that part for the reader which makes me think there's something there.

Also I was reading a while ago that rentech was using a weird structure with Credit Suisse (iirc) where they were taxed on their profits as if it was long-term capital gains instead of short-term.

Sent from my Iphone

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