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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (255855)	2/2/2008 2:09:13 PM
From: Elroy	Read Replies (2) \| Respond to of 281500

ITs taxed that way to promote long term investments over short term. That's what it promotes, but that seems a silly goal. The daytrader who makes $10k, and the LT investor who makes $10k on GOOG, and still holds GOOG, aren't that much different on Dec 31st. The daytrader has some amount of stocks in his PA on Dec 31st, they are just different stocks than he had on Jan 1st. You can even argue the daytrader is better for the US since he pays commissions and he increases liquidity. when the value of their net worldwide assets exceeds € 732 000. Do you know how they calculate net assets? That seems the tricky part.