Geoff, you are quite right if you bought it at zero dollars and...

Geoff, you are quite right if you bought it at zero dollars and sold it within 12 months and are in the top tax bracket. But i don't think there is anyone in the world that fits that profile. You are taxed on the gains, not the total sale value. You also get a 50% discount if you hold it more than 12 months. Thats two times now that you have been wrong. Folks might do well not listening to you.