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How do I share internet with Windows from my Linux box?

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http://unix.stackexchange.com – I have a Linux (Ubuntu 12.04) PC connected to the internet with a Greenpacket WiMax USB modem. I want to share the Internet connection with another computer running Windows 7 Home Premium, connected to the Linux PC over a LAN. Is this possible? How? Is the reverse possible instead (connecting the internet to the Windows computer and sharing it with Linux)? (HowTos)