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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (19613)	4/21/2008 12:42:16 PM
From: pompsander	Read Replies (2) \| Respond to of 25737

"the large majority of those holding and selling stock are those households earning less than $50K per year... he's a con artist trying to spin his snake oil, and he's right next to the circus tent the hildabeest operates out of...<g>" ___________________ Actually this is not true. While people who own stocks in 401(k)s and other qualified plans often earn less than $50,000, (and this is where we get the stats about how many Americans own stocks) these accounts are usually not subject to capital gains treatment. The vast, vast, majority of brokerage accounts where capital gains treatment would apply are in households over $100,000 in annual income.

To: GROUND ZERO™ who wrote (19613)	4/21/2008 1:28:58 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

If you were to ask me... I'd say: "Tax ALL INCOME (regardless of source) at exactly the same single flat and LOW rate, and make that very low single rate possible by ELIMINATING most every loophole and special tax preference item that exists in our massively over-complex tax codes today." And, at the same time, pass an amendment to the US Constitution BANNING federal current account deficits (except in the hopefully narrow circumstances when the President declares a national emergency, and congress ratifies that declaration). And I am unlikely to become very much enthused about any lesser, and halting and sub-optimal, tax policies --- regardless of which candidate or talking head advances their modest proposals....