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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (13894)9/24/2003 1:03:31 PM
From: bentwayRead Replies (3) of 306849
 
Of course there's resistance to taxing capital gains. But there's no reason not to tax them, and tax them heavily. Say you invest 1 mil, and get a 1.2 mil return for a cap gain of 200,000. Why shouldn't you pay say, 80k in taxes? Your still getting 120k without having to trade any life for it. Enough to pay all but a greedhead for the risk.

If you LOST 200k on the investment, you'd get to write it off as a capital loss, another hedge for risk.

I'm not FOR taxes. I think our government wastes most of the money it gets. But taxes are being paid, and will be paid -it's just who pays them. Most of us have our taxes removed from our pay before we even get it. I'd like to see the same system applied to capital gains.
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