41.   And if there is no sale, as defined in tax law, no taxes are owed.

42.   And tax law permits ranchers to deduct losses from operations.

43.   And Michael McIntyre, a professor of tax law at Wayne State University in Detroit, warned of dire consequences if the loophole was not scotched.

44.   And NewsEdge will provide a customized package of news on such matters as tax law and corporate finance issues.

45.   And some administrators say the new tax law is unlikely to prompt them to change this policy.

46.   And tax laws are complicated.

47.   And the administration is expected to argue that it would significantly reduce the complexity of the tax law and of computations that investors now must make.

48.   And this year Congress did some tinkering itself, changing a few things in the tax law that could benefit many taxpayers.

49.   And under federal tax law, the proceeds of these sales must be put to charitable use, to repay the public for years of tax exemptions and donations.

50.   And under the tax laws, he will not have to pay capital gains taxes until he delivers the shares.