There`s Not Much Time Left To Make Sure You`ve Minimized Your
Tax Bite  December 17, 1990|By Julian Block, Tribune Media
Services.  It is none too soon for investors to review actions
to take before the year ends to lessen the amount that winds up
with the tax collectors. Here are some major issues that you
should consider.  - Capital gains. These provide planning
possibilities for many investors. For tax year 1990, the top
rate is 28 percent, unless you are in the 33 percent ``bubble``
bracket. Starting in tax year 1991, the maximum rate for capital
gains is capped at 28 percent, vs. 31 percent for ordinary
income from sources like salaries, business profits, dividends
and interest.  Despite the slight rate advantage to realizing
gains after the new year, I advise you to be mindful of a time-
tested admonition: Base your decision on when to sell stocks or
other investments on how much you expect them to appreciate in
the future, not just on the basis of tax advantages.  For
example, do your holdings include