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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%4:00 PM EST
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To: James F. Hopkins who wrote (21022)7/24/1999 9:50:00 PM
From: Les H  Read Replies (2) of 99985
 
OT*** If you're going to complain about the capital gains tax on financial assets, you should be complaining about the elimination of capital gains tax on primary residences. The whole boom in housing prices and housing sales started in 1998 with that action. It's also irrational to allow deductibility of mortages if the gains on the property is tax-exempt. Personally, I'm for a low flat tax (under 10%) and a low sales tax (5%) --- where was the tax simplification by 2002, and a reduction of the welfare state that consumes 70-75% of the government.
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