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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (10760)	7/25/2002 11:39:52 AM
From: Augustus Gloop	Read Replies (1) \| Respond to of 17639

<<The biggest of the changes House Republicans are considering would expand existing tax write-offs for individuals' investment losses. Currently, taxpayers can deduct their capital losses to the extent of their capital gains, and also can deduct as much as $3,000 more of capital losses, analysts said. Republicans are examining plans to double or even triple the $3,000 cap, and allow investors to use more of their losses in other tax years, according to a senior GOP aide.>> The problem with this is it leaves cap gains taxes on the books. They can't have their cake and eat it too! They want us to pay CG taxes on all gains but will still limit the deduction. Is it better than 3000? Sure. But in reality what the government is saying is this - We want a piece of all the good action (money made) without all the risk of downside action. We should either eliminate CG taxes totally or allow 100% loss deductions. Its as simple as that. People who use their money wisely should not be penalized!