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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (514452)	10/17/2012 12:49:48 PM
From: DewDiligence_on_SI	3 Recommendations Respond to of 794298

I hadn't heard that proposal before. It would change EVERYTHING for taxable investors. Imagine being able to rebalance your portfolio whenever you want with no tax consequences! I can't understand why this isn't getting more coverage from investment-oriented venues such as the WSJ.

To: Neeka who wrote (514452)	10/17/2012 1:13:06 PM
From: Geoff Altman	Read Replies (1) \| Respond to of 794298

RE: Zero tax on capital gains/dividends. Best idea I've heard since the Roth IRA! A smart Obama would have jumped on this right away..... Now Romney is canning laws so he won't even have to pay the 15% tax he's paying now........ Good thing Obama can't think on his feet worth a damn....

To: Neeka who wrote (514452)	10/17/2012 3:44:35 PM
From: t4texas	1 Recommendation Respond to of 794298

i think i had actually heard that from somebody on larry kudlow's show recently. at least i think it was on kudlow. i record that show, and zip through most of it on review unless someone of heft is talking. now i could be wrong about where i heard this on tv, but it might have just been a thought that was tossed out as a possible good idea in romney's tax plan. the amount of money and interest that people under $250K earn is not much relative to those over $250k, and it GREATLY simplifies the under $250K earners' tax returns. i do think this is a big win for romney with seniors, savers of all types, casual stock holders, (frankly just about anyone). it needs to be broadcast widely, because it will get everyone's attention.

To: Neeka who wrote (514452)	10/17/2012 5:27:45 PM
From: Elroy	2 Recommendations Read Replies (2) \| Respond to of 794298

*RE: zero tax on dividends or capital gains* It was the first I'd heard it and it sounds pretty good to me. I think he said it applied to incomes below $250k. But not sure if its an attractive campaign item. He's advocating that wealthy people who don't work (and thus have no salaried income) can make $249,000 per year off their brokerage accounts while sitting on their butts watching tv, and pay zero tax. Anyone working and making $60,000 per year and paying tax is going to think that's fishy.