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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Goldberg who wrote (4255)	2/27/1998 3:52:00 PM
From: Bruce A. Bowman	Respond to of 18928

Like you, Bernie, I've always measured my investment success by how much tax I've had to pay! :-) Which causes me to recall: I had a brief discussion with a friend about one of the proposed flat tax initiatives. I've been a proponent of flat tax for a long time, but the required tax rate seems to keep going up. When I first heard about it in (I think) the late '70s when Reagan presented it, 10% max was all they'd need. Now the national sales tax approach is going to need 23%. My concern about the sales tax approach was that buying and selling stocks would fall into that category too and we'd be taxed on the purchase amount. I was assured that wasn't the case. Do you have any insight into the thinking about that? It could sure kill an AIM account... or any other investment account, for that matter. Bruce