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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (467700)3/31/2009 2:54:16 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1577901
 
Ted, > You just did or did you think the $5 trillion value is equivalent to the amount of capital gains tax lost?

I'm sure a good percentage of that represents lost tax revenue.

Use your brain for a change.

Tenchusatsu



To: tejek who wrote (467700)3/31/2009 3:32:17 PM
From: Joe NYC1 Recommendation  Read Replies (1) | Respond to of 1577901
 
Ted,

Lost tax revenue in aftermath of Dot Com bubble was not limited to capital gains tax revenue, and it was not limited to losses of market caps of technology companies.

Non-technology companies were affected as well, and not just in terms of their market cap. In revenues as well. Revenue on one side of P/L statement correspond to (mostly) labor costs, meaning paychecks, and tax witholdings from those paychecks.

Joe


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