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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (54290)7/28/2011 8:50:54 PM
From: John2 Recommendations  Read Replies (1) | Respond to of 103300
 
Exactly, Wayners. I've been noticing those references for a month or so without commenting and I was finally fed up and posted about it.

Regarding your comments about us being debt slaves, I full agree.

Look, the federal government is the biggest sham on Earth.

Consider capital gains taxes. We assume and bear virtually ALL of the risk associated with investments. There is no limit to how much the government can sponge off of YOUR investment ideas if you are successful. If that doesn't make one feel like a slave, nothing will! -ng-

Let's say you have a good year with your investments. There is literally no limit on how much of that the government can take from you.

In contrast, let's say your investments for the year suck and you lose a small fortune. Too f'ing bad for you! You can ONLY write off a paltry 3K of that on your taxes, and only then if you meet certain special rules and timeline conditions. Sure, you can carry losses beyond 3K forward, but big deal. It may take you years to recover the losses (on paper) from a single bad year of heavy losses. -ng-