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

To: Tenchusatsu who wrote (467710)	3/31/2009 4:21:48 PM
From: tejek	Read Replies (1) \| Respond to of 1577931

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. My brain is fine, Ten. Always has been. And you know why.....I didn't vote for Bush twice.

To: Tenchusatsu who wrote (467710)	4/1/2009 9:02:04 AM
From: SilentZ	Read Replies (1) \| Respond to of 1577931

>I'm sure a good percentage of that represents lost tax revenue. Really? Why? Even if it were all to be taxed at the capital gains rate (which isn't even close to the case as it was all very much on paper), it would be a trillion dollars of revenue. These companies weren't making money (which was the problem), so corporate income tax doesn't apply, and there wasn't that much of a spike in unemployment at the time, so those sorts of taxes wouldn't have gotten affected. I'm not saying the bubble deflating wasn't significant; it was. But from a tax revenue perspective, probably not so much. -Z