Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bentway who wrote (800319)	8/8/2014 2:35:23 AM
From: i-node	Respond to of 1583791

>> You need to study the history of capital gains tax policy, Dave. CJ is correct, and you're wrong. American history did not begin with Reagan. Lower rates for capital gains were installed in under four years after the enactment of the 16th Amendment. Other than the Reagan TRA86, as I clearly stated, it has always been the policy. One of the earliest Supreme Court landmark income tax cases, Gregory v. Helvering, 293 US 465, was from the mid-30s and dealt with capital gains treatment in a corporate reorganization. Ms. Gregory lost and it was one of the dumbest decisions the Court has reached to date in the area of taxation. Capital gains treatment was favored almost from the outset of the income tax. If you want to claim I'm "wrong", fine, but meaningless unless you can tell me specifically what I'm wrong about.