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To: bentway who wrote (13895)	9/24/2003 1:08:16 PM
From: Tradelite	Respond to of 306849

<<Most of us have our taxes removed from our pay before we even get it. I'd like to see the same system applied to capital gains. >> Yikes. Please don't give our current crop of politicians this kind of idea. Sometimes I'm not even sure I actually HAVE a taxable gain until the end of the tax year. Thanks in advance for keeping your mouth shut on this one. <GGGG>> If your idea succeeds, I hope the people who take out my tax money before the end of the tax year are ALSO aware of tax losses that may be incurred during the same year. Otherwise, the bookkeeping will REALLY get screwed up, and probably not in my favor.

To: bentway who wrote (13895)	9/24/2003 3:47:40 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 306849

>>I'm not FOR taxes. I think our government wastes most of the money it gets. But taxes are being paid, and will be paid -it's just who pays them. Most of us have our taxes removed from our pay before we even get it. I'd like to see the same system applied to capital gains.<< spot on! the people who want low/no cap gains and low/no dividend taxes are folks like steve forbes who inherited all his investment money from daddy. can you imagine his tax rate? the flat tax is a farce, too. it is sold as simplification when a static graduated scale is equally as simple. the underlying idea is to lower taxes for the wealthy and increase them for others. i'm straightforward in my view. the top 5% of the folks pay about 70% of the taxes. the steve forbes and hannitys of the world point this out ad nauseum. what they don't tell you is that the same 5% owns about 70% of america's stuff! in CONTEXT, that seems VERY FAIR to me. how about you? ps - i agree the govt wastes a TON. but, we should just accept their selfish use of the money. otherwise, gp will call you ignorant. -lol-

To: bentway who wrote (13895)	9/24/2003 6:57:42 PM
From: rolatzi	Read Replies (1) \| Respond to of 306849

OFten invested money is tied up for a long time before it shows a profit. In the mean time, its value declines due to inflation. If you want to tax capital gains, then at least index it for inflation so that you aren't taxing people for money they didn't really make. I too resent the notion that investment is unearned. I spend a lot of time and effort in to figuring out how to invest my money to achieve a good return. One should be able to deduct the time and money directly against the profit as any other business does. Ro