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Politics : THE WHITE HOUSE
SPY 681.27-1.5%4:00 PM EST
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To: GROUND ZERO™ who wrote (19613)4/21/2008 12:42:16 PM
From: pompsander  Read Replies (2) of 25737
 
"the large majority of those holding and selling stock are those households earning less than $50K per year... he's a con artist trying to spin his snake oil, and he's right next to the circus tent the hildabeest operates out of...<g>"

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Actually this is not true. While people who own stocks in 401(k)s and other qualified plans often earn less than $50,000, (and this is where we get the stats about how many Americans own stocks) these accounts are usually not subject to capital gains treatment. The vast, vast, majority of brokerage accounts where capital gains treatment would apply are in households over $100,000 in annual income.
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