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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (64513)	12/17/2000 9:21:39 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

RE >> your entirely incorrect original post.<< Maybe I didn't word it where you could understand it but it was not incorrect. The fact is I now have to pay TAX on what I put in plus what I gained on any I take out, and at the regular income TAX rate. 1 That rate is higher now than when I put in 2 That rate is now higher than Cap Gains. -------------- Because I deferred some Taxes don't equate to a loan that's shit, butif you want to look at it as a loan don't think it was interest free.. As they now get much more back in TAXES than I saved by going that way. -------------- It was sold on the deal that my taxes would be lower later..ha ha that turns out to be bullshit. Like most of the gimmicks they have come up with to help out the Wall Street bookies . ------------- I don't know where you are but ordinary income Tax rate is now higher for me than Cap Gains Tax is, on top of that in as much as I will have to claim it as income even after I have gone on S.S. taking any amount out can screw me out of the S.S. ------------------- They give with the right hand then unbuckel you pants and bend you over with the left. The Roths sound great , but what about 2007 to 2010 when the baby boomers all want to retire and the gen X can't buy enough to hold up prices in this glorified ponzi scam. Then the 80s in Japan come to America , and all that tax free shit aint worth a crap when value of it drops 90%. it's in the demographics , less people paying in can't hold a market up when the number getting out overwhelms them. ----------- Wall Street already sees this and that's the why of the push to get their greedy hands on S.S. money before it arrives, if history repeats they will get it as they usually get what they want, and with all that Tax money going in I expect one big last run up then with every one so sure of how smart they have been and just going nuts counting their gains and all convinced the market can never crash..and all the things on go go go the way it always happens just before a crash. ------------- Well I said I expect one more run up, but you know if they do another CAP GAINS TAX CUT a lot more people may decide to retire a lot sooner than I thought. Even sooner than they thought, It'll be hard for Wall Street to get their hands on the S.S. money if she keeps tanking. But I expect they have one more rabbit to pull out of the hat, and it looks like old Spam is reaching for it. Jim

To: Benkea who wrote (64513)	12/17/2000 10:16:19 PM
From: Les H	Respond to of 99985

One of the benefits of eliminating the capital gains tax would be the reduction of the year-end selling of stocks and other vehicles for no real business reason, other than tax. It would likely also eliminate the deductions for margin interest and various other offsetting expenses. When they eliminated the capital gains tax on residential real estate, they failed to eliminate the mortgage interest and home equity interest deductions. Elsewhere in the tax code, one is not allowed to deduct interest for non-taxable investments.