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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: GOLDFINGER who wrote (10158)	4/18/1998 6:21:00 PM
From: Pete Schueler	Read Replies (2) \| Respond to of 116811

Does anyone remember when the USA limit for annual capital loss against your income was not $3000? It went from $1000 in 1976 to $2000 in 1977 to $3000 in 1978. The Dow was bumping along at 750 to 900. I was a lot younger. If we get the big market hit this year there will be a lot of whining for a larger deduct. I've always been astounded by the fact that no one has complained about this tax inequity. If capital gains have no bounds for tax purposes how can you put such a ridiculously low limit on losses. A change here to allow greater writeoffs could be a real Govt revenue buster when the market reverses. A Bear market will trigger huge budget deficits, dollar will weaken.