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 : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (2425)	8/6/2002 1:06:14 AM
From: TimbaBear	Respond to of 29595

John Madarasz I especially agreed with the following from your linked article: First, Congress could restore trust in stocks by removing the double taxation of dividends, by all means capping mortgage interest deductibility at say $10,000 in interest per annum to raise the same amount of revenue from equivalent socioeconomic strata. With investors having lost confidence in Wall Street and corporate accounting, and suffered huge losses on their portfolios, they will only regain confidence if they see a cash return on their investment. Taxing that return at a maximum of 61 percent (when corporate and individual taxes are included), compared with 20 percent for long term capital gains, is a crazy incentive to management to speculate with investors' capital. These tax changes together would shift the pattern of investment away from McMansions and toward stocks, no bad thing for the U.S. economy in the long term. TimbaBear