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To: Jim McMannis who wrote (172415)	1/9/2003 4:06:39 PM
From: Robert Salasidis	Respond to of 186894

At least the current capital gains tax rate is still more favorable than general revenue tax rates. Even here in Canada capital gains are taxes at a 50% inclusion rate. We still double tax dividends however as a dividend tax credit does not completely offset the double taxation. In the end, I would think that it would be favorable to the economy to completely eliminate all forms of investment taxes. This encourages the increase of the savings and investment rates, and would likely result in improving a countries current account balance. I would think Bush will need a second term for that as he is doing things very well at the moment by introducing pieces of the puzzle in a step wise fashion.