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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: Casaubon who wrote (71402)3/6/2001 4:37:30 PM
From: Dennis O'Bell  Read Replies (1) of 99985
 
Isn't the tax situation w/r gains and losses more favorable for hedge funds and full time professional investors and the like than it is for the individual investor?

And when LTCM gets bailed out, that's not every taxpayer's problem?

They tax the individual this way because they can. Tax collecting is like plucking a goose - the goal is to extract the maximum number of feathers with the minimum of squawking.
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