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Politics : New FADG. -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (2255)	7/11/2007 7:49:21 PM
From: Brumar89	Read Replies (2) \| Respond to of 4152

Off thread topic: Is that the cap gains rate Frank is wanting to go to 35%? If the Bush tax cuts expire w/o being extended, that'll go up to 25% after 2010. As for an anecdote on how that will affect things: When I retire in probably 4 yrs, I'll have a one-time opportunity to withdraw from a tax-sheltered account some company stock bought in 1982 at next to nothing, sell it and pay cap gains tax. If the cap gains rate is high though - like 35%, I can just leave it in and roll it over to an IRA and defer any taxation many years into the future. Which is best for the gov't - getting 15% of a sizeable bunch of money 4 yrs from now or nothing until 2025 or 2030 or sometime like that?