Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 234.82

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2:49 PM EST

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To: David Jones who wrote (52612)	9/20/2001 9:49:27 AM
From: BWAC	Read Replies (2) of 70976

<"..better serve the consumer by allowing you to carry losses Backwards for a refund. Rather than the carryfoward to future gains.." Are you thinking along the lines of income averaging?> Yes. Along those lines. It would take some consumers a long time to get any relief with just a $3000 capital loss exemption each year. Or whatever they can offset against gains. I mean if you paid $20,000 in capital gains tax last year, and have a capital loss which equals $20,000 of tax credits this year, the best way to help the consumer is allow some sort of income averaging or carryback. That would put the "eventual" tax refund in the consumers pocket now, rather than over a for example 5 year period. Of course it would also wreck the government budget possibly.

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