Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (2618)	5/9/2002 5:49:34 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Agree that the federal budget needs a boost, but the recent legislative trend has leaned toward helping people have better retirements and toward helping them die with more money (i.e., reduction in parameters for estate taxes, allowing higher amounts to be contributed to IRAs, etc.). This, of course, is because the Social Security system is very screwed up and the government doesn't want a bunch of homeless/penniless seniors on its hands, so it has to allow them to accumulate savings in other ways. That's why I can't see any legislation coming down the pike that will hurt the bottom line for seniors, such as a cap gains tax increase on home sales. I guess I'd have to vote for a reduction in mortgage-interest deductions instead. <g>