Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (96422)	6/29/2002 11:05:28 AM
From: Knighty Tin	Read Replies (1) of 132070

YZ, a little far-fetched. Capital gains are not an important part of tax revenues. Besides, most of the losses are in brain dead IRAs and 401Ks. The govt. gets the taxes at an ordinary income rate sooner or later, including company contributions. And cos. that have tax loss carry-forwards are generally those who didn't have net income anyway. So JDSU writes off $45 billion and can carry it forward into eternity. When did this co. ever have a net profit? The deficit is being bloated due to increased spending and the silly Bush tax cut. I believe in defense spending, though not on the crap they spend a lot of it on, and I believe in lower taxes. But if you raise spending and lower taxes, you Ronald Reagan us into a huge deficit. Capital gains have little impact in this equation, though what little they do have will be negative. BTW, profits as reported to the IRS have been flat to down since 1997. So this is just more of the same. Fake profits reported pro forma and operating and totally make believe have done much better. <VBG>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next