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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (18167)9/9/2001 4:01:18 PM
From: Kip518  Read Replies (1) | Respond to of 52237
 
TV politicos talking today about cap gains tax cut. Sez would bring in more taxes as long-termers are encouraged to sell ... course what we don't need right now is more supply of stock <g>

Anyway, Cap gains tax rates won't mean anything when babyboomers start cashing in their 401K, IRAs, etc. at retirement at the end of this decade. All that money comes out taxed as ordinary income. Think about that as you drool over your retirement accounts...you're going to get to keep a lot less of it than you think.



To: Casaubon who wrote (18167)9/9/2001 4:10:39 PM
From: Gersh Avery  Read Replies (2) | Respond to of 52237
 
Hey! Maybe someone could help me to understand something here ..

(Hi Casaubon)

There's been talk, lately, about "raiding" the social security fund to cover government expenses ..

I thought that every single penny of that fund was already on loan to the government in the form of T-bills, bonds or whatever.

If the government already has every penny of that fund, how could they raid more of it?

Is this some sort of default talk?


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