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Politics : Impeach George W. Bush
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To: ecommerceman who wrote (1977)3/26/2001 4:25:37 PM
From: Mephisto  Read Replies (2) of 93284
 
Since so many Americans participate in the stock markets, and because of
huge losses this year, I wish that the capitol loss that one writes off against
ordinary income could be increased. At this time, the maximum loss that
can be written off against ordinary income is $3,000.00.

A few years back the amount that could be written off against ordinary income was $5,000.00.
Surely, an increase in the amount that a person or family could write off would provide a little tax
relief for the middle class and others.
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