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To: Crimson Ghost who wrote (71361)3/6/2001 9:49:42 AM
From: Casaubon  Read Replies (1) | Respond to of 99985
 
cap gains should be taxed as income just like earning money working.

Cap losses represent "innapropriate" investment, and should not be advocated though risk reduction mechanisms of tax deduction.

I don't see the logic of supporting deductions because gains are taxable.



To: Crimson Ghost who wrote (71361)3/6/2001 10:03:13 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
an easy way would be to allow carry-back of losses. A lot of people who paid high taxes a year or two ago should be rebated.


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