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To: MythMan who wrote (81171)	3/15/2001 8:20:00 PM
From: robnhood	Read Replies (2) \| Respond to of 436258

I disagree Myth----- Bush is BS----He is no leader,, Clinton was better IMHO, much better No body gets to lead your country without selling out,,, but bush comes bought and paid for---

To: MythMan who wrote (81171)	3/15/2001 8:38:45 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

shrub RULES...

To: MythMan who wrote (81171)	3/15/2001 9:27:13 PM
From: Just_Observing	Read Replies (1) \| Respond to of 436258

Tax cuts would have been great when everyone had huge capital gains. They aren't quite so hot when losses are capped at 3K. perhaps they should have no limit? To be fair, losses should also have no limit. Or at least, they should be equal to the gains in the previous two years. Suppose I made $1,000,000 in short term capital gains in 1999. I pay $440,000 in federal and state taxes. Next year, suppose I lose the $1,000,000 I made in 1999. I can only write off only $3000 (that works out to be a savings of $1320 in taxes). In effect, I have loaned nearly $440,000 to the government unless I get some gains to offset the loss. At 8.5% prime, that works out to be $37,400 a year. For the rest of my life. I am screwed for life. Unless we get the mania of 2000 all over again. Which is quite unlikely. Is it any wonder that Greenspan projects a Federal surplus forever? Besides, if you don't have gains (capital or dividends), you cannot even write-off margin interest. Another reason to avoid margin for most investors, especially in a bear market. Taxation rules in America are completely biased towards the government. And against the small investor. That's why any sane investor will try to lock-in some profits any chance he or she gets (to offset losses). Therefore, any rise in the market will be met with selling by investors trying to minimize their losses. If Bush wants to help investors, he better allow losses equal to gains in the previous two or three years.