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To: DukeCrow who wrote (19334)	9/19/2001 1:19:11 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 52237

but a capital gains tax IS a tax on inflation when dealing with houses...

To: DukeCrow who wrote (19334)	9/19/2001 1:26:56 PM
From: Terry Whitman	Respond to of 52237

>The original principle isn't taxed again. < That's a good point- but in response: What do you propose that a person does with his hard earned savings then? Stick it in a mattress with zero return (actually negative after inflation)? He MUST invest the savings to even stay level. Then the tax man cometh and takes away a significant portion of any gains. So, unless the saver wants to LOSE the principal- it becomes a tax burden. Investment taxes are one of the major obstacles to saving for the US citizen- and one of the many reasons this economy is in deep doo doo, IMO. Of course repealing Cap. Gains tax is not going to solve all the problems. It would certainly give some more incentive for people to save though. BWDIK- I'm just licking the plate in front of me.

To: DukeCrow who wrote (19334)	9/25/2001 5:10:46 PM
From: James F. Hopkins	Respond to of 52237

Duke I think Cap gains mostly gets to the insiders who reward themselves with options & often stock at no cost to them, even when they do buy the options it's cheap and when I look at most sell them in a heartbeat making tons of money. I guess they would love to not pay any tax, who wouldn't ? At any rate the Government is has to collect X amount of Taxes to stay afloat , and cutting Cap Gains is just going to put the burden some where else, it's either cut spending or don't cut any Taxes , as anything else runs up the debt and the interest on that eats us up. Jim