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 : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (46675)	12/5/2005 6:25:52 PM
From: Les H	Read Replies (1) \| Respond to of 110194

They would lose tax-deductions for IRAs, 401Ks, Keoghs, etc. People would be even less inclined to contribute to these plans especially due to the additional preferences given to capital gains and dividends. Taxes would be raised by eliminating the lowest two tax brackets, halving the personal exemptions and standard deductions, and by eliminating the deductions for taxes paid for states, localities, and real estate, and restricting the deduction for mortgage interest. Taxes on working and saving would rise in comparison to the tax on engaging in the trade of financial instruments. Good synopsis within this news article southalabamian.com