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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (118733)	2/27/2001 2:17:10 AM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 164684

deductible $3k per year. ;-) i'm not making fun of the losses b/c amazonian ignorance toasted me too. not to that level, but i trust you are in a different tax bracket than i ;-) I am not sure the different tax bracket matter a lot with only $3K deductible per year. I am not even sure I am in a different tax bracket but that is not the issue. I will say that by February 2000 I had earned most of it back. That felt good until one looks at the fact one missed one of the best mania rallies ever and was still down money too. However, the market decline made the breakever period even further out. I have no clue how much further out it may be. My opinion may be tainted due to my needs, but I do not not know why the IRS will only permit $3K pear year of capital gaines losses to come off of earnings but permit all of earnings losses to come off of earnings and capital gains I believe. I am not asking the government for a handout but when I had boom years, I had to pay my taxes from regular earnings and my taxes from capital gains. Now I can only deduct $3K from regular earnings. I do not know what the thinking was when this rule was created. I personally do not distiguish between the two in that a loss of money is a loss of money just as making money is making money. Glenn