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


To: Art Bechhoefer who wrote (19282)9/19/2001 9:53:10 AM
From: Terry Whitman  Read Replies (4) | Respond to of 52237
 
This may be a little too Libertarian- But why is it fair to tax investment income at all?

A person's income has already been taxed when he made the wages. Then that person goes and does a foolhardy thing like save a small percentage of what is left after federal, state, and other taxes. He makes a little on the savings- and the government taxes it AGAIN. The next year- the gov't taxes anything left AGAIN, and so on.. It's endless. The only ways to stop the continuous taxation process are to go broke or to die. Even an IRA doesn't escape taxes- it only defers them.

It's no wonder the average American doesn't save at all. Saving is completely discouraged by investment taxation and inflation. In effect the government says "Spend your savings!" because inflation and taxes will just eat it away anyway- and you'll have no goods to show for it.

I totally agree w/ you on corporate taxes. Dividends should not be taxed either.

Rant over. <g>



To: Art Bechhoefer who wrote (19282)9/19/2001 12:32:10 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 52237
 
RE ..>> the present tax "reform" and contemplated additions to
that reform constitute one of the most stupid tax policies ever adopted by this country
in its entire history.

It's because to many people don't understand much about taxes and
can't see more than the plate in front of them.
I saw some reply's to your post and it just staggers me to see
how little they know and the overly Simple solutions they propose.
------------------
Reminds me of a town which thought the water pipes were so complicated
& such a pain to maintain they cut off all running water and went back
to hauling water by hand from a central well because it was simple.
Jim