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To: JDN who wrote (105538)7/12/2000 2:34:01 PM
From: willcousa  Respond to of 186894
 
The worst thing about the capital gains tax is that it has over time taxed more inflation gains than real economic gains. Thus folks have often lost some of their principal on a real, after-tax basis. That is one reason I would like to see it repealed. The other is that those gains would generally be reinvested if they could be kept.