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To: pater tenebrarum who wrote (107529)6/8/2001 12:30:56 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
Message 15912733

DAK



To: pater tenebrarum who wrote (107529)6/8/2001 12:33:11 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Biderman often displays his lack of understanding the details of certain matters even though he, and/or his staff, appear to be carefully tracking them.>

What's going on over there??? Aren't they just talking about the cap gains NOT being counted as income???

dAK



To: pater tenebrarum who wrote (107529)6/8/2001 9:08:57 AM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
CB posted the link to the actual Fed Paper.

Message 15906144

If you scan the paper- the info is quite clear- it's the top 20% income earners whose savings rate went negative that offsets positive gains of the other 80%.

While I agree that stock sales isn't consumption, the capital gains tax paid on those sales is based on the way NIPA is calculated. I think the trimtab paraphrase wasn't clear on this.


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