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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (97016)	7/25/2002 4:12:24 PM
From: Amir Shalit	Read Replies (2) \| Respond to of 132070

Y, What's the big deal? The $3K limit was on the books forever. You need to increase it to $10K only to catch up with inflation plus I never figured out why Corp. can deduct against past earnings but individuals can't. Amir

To: RealMuLan who wrote (97016)	7/25/2002 4:14:37 PM
From: Knighty Tin	Respond to of 132070

YZ, I agree that this is overdue, but I think it won't fly in a year when the budget is busted and the deficit is in high growth mode. I don't remember when they last changed that limit.

To: RealMuLan who wrote (97016)	7/25/2002 4:27:52 PM
From: benwood	Read Replies (1) \| Respond to of 132070

Long overdue -- I think that 3K limit was there when I was investing as a college student, and now they probably can't afford to raise it much this year, or next, or any year in which their is a deficit (e.g. every year but one since 1969). I'd rather they allowed dividends to get the same tax breaks as capital gains for the tax break dollars actually, and that would do much to make companies accountable for their total employee cost structure, including bringing back the old dividend exemption (I think it was the first $400 per year, or something like that). --Ben