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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (76536)	10/11/2004 12:03:52 PM
From: aladin	Read Replies (1) \| Respond to of 793917

C2, That leads us from political discussion to an investment discussion. If Kerry wins (something few of us on this thread want) - I will be doing the following: o selling Health Care and Pharm stocks and funds o moving to muni's and muni funds o taking any stock funds to tax adverse funds or muni's Otherwise if Bush wins - steady as she goes (largely invested for growth). Muni's are the idle rich's favorite - how the gentry invest - no Federal or State income tax at all (out of State muni's will incur tax in your State, but its a lot less than even dividend taxes). John

To: carranza2 who wrote (76536)	10/11/2004 1:14:59 PM
From: gamesmistress	Respond to of 793917

Here we have to define "income". Only John gets a paycheck, not Teresa. And if most of Teresa's wealth is in tax-free instruments, well, she has good financial advisors. Heck, she doubled what John Heinz left her. I hope Bush does radically simplify and flatten out the tax code. Right now there's a lot more involved than "income". Remember Steve Forbes and his 15% flat income tax rate? Problem was he also wanted a 0% capital gains tax and most of his "income" was capital gains. His plan benefited him, all right, but it would have made more sense to have both income and capital gains tax at 15%.