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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (169280)11/11/2008 5:15:13 PM
From: Alan Smithee1 Recommendation  Read Replies (1) | Respond to of 225578
 
The IRS wants to participate 100% (get their cut) on gains but they want to limit their exposure by limiting the amount a person can deduct on stock/MF transactions.

Wrong.

Congress sets tax policy.

IRS just enforces it.

Substitute "Congress" for "IRS" in your sentence and I'll agree with it.