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Politics : Foreign Affairs Discussion Group
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To: c.hinton who wrote (255885)2/3/2008 11:59:06 PM
From: Elroy  Read Replies (1) of 281500
 
Sorry elroy ..its still a story of fostering longer term investments and you have to draw a line somewhere.

2 things.

1 - It's a fact that you don't NEED TO tax long term and short term capital gains differently. Tax them identically, and they will be taxed identically, and that will be that. In this case, you DO NOT need to draw a line. So stop saying that you do.

2 - If you think there is some benefit to society for taxing stocks held more than one year less than stocks held less than one year, please make the case. Why is that so beneficial?
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