370                                                    13

22.   70-   80- ,     -
,         -
  .      -
?

23.    70-   80-      
 .        -
        FIFO.  ,
,        
 .      .

24.           
    ?

25. ,         -
 .       -
    ?

26.           , 
      . , 
       ,  .



'    35       
    .  ,     S
(     ),  -
    .

2  ,  -   20  80%  , 
.      20%,  70%   -
    .      80%,  -
  100%.

3 1988 Federal Tax Course (Englewood Cliffs, NJ: Prentice Hall, 1987), p. 89.

4  ,     1990  1993 .   
    .

5   14           -
.

'      . 14 (.,  , . 14.7).

7   ,          -
,          ,     
55      .

8  ,      ,    401(*),
 ,  403(6),    -
   ,   457,    
 .

9  ,    ,  
 . .  15  . 22.

'"Bunon G. Malkiel, A Random Walk Down Wall Street (New York: W.W. Norton, 1990), p. 279.

"    ,    ,    
  ,  CPI.

12       ( )  -
     .

13       ,  ,      The
Theory of Interest (New York: Macmillan, 1930).