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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (54681)	11/5/2008 4:46:15 PM
From: TideGlider	1 Recommendation Read Replies (1) \| Respond to of 224661

They only get to claim 3k . That sure won't help them much. But since it is all the Gub-mint's fault they should at least allow them to deduct more of their losses. They certainly tax the full amount of any gains. How is that fair?

To: Neeka who wrote (54681)	11/5/2008 11:15:27 PM
From: MJ	Read Replies (1) \| Respond to of 224661

Neeka That's the not so humorous part of the whole tax exemption business by Obama up to $250,000. was it not. People at all levels have significant losses in their portfolios whether managed themselves, by financial planners, by the banks, the mutural funds, the hedge funds--------these losses are huge. Will they ever recoup and be able to pay taxes on gains in these------not likely. Have a friend newly retired from a lifelong job---------the retirement looked great------until she learned that there has been a loss of 2/3rds of the retirement fund, now her advisor is telling her to purchase a 1 to 2% annuity. mj