SI
SI
discoversearch

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


To: Pete Schueler who wrote (10161)4/18/1998 6:41:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116811
 
you made me grin too..never thought about the investors down the road
screaming for higher losses on tax returns..but most of this money
might be in their IRAs so ....even if they switchout with a bad
correction..I guess government won't collect those capital gains..
oops ..think I just went around in a circle..
but the money that isn't in IRA's....
think the government is a bit like El Nino...they taketh but will
have to give some back..wonder what the breakdown in taxes from
corporations and incomes and from capital gains...
let's face it..how many states' coffers have reaped huge goldmines
from all the capital gains they have taken in..next to corporation
heads, they have made out like bandits..(maybe one can read it as
a plus for the US citizens since hopefully they are getting it back
in better services?--comments most welcome)
anyways saw in Barrons that somebody said corporate profits are
deceptive since they aren't figuring in stock options for employees..
somebody want to comment on that one..
bobby II
ps anybody read the dismal article in Barron's about mergers..this
week it was worth the $3...



To: Pete Schueler who wrote (10161)4/18/1998 6:57:00 PM
From: Stephen O  Respond to of 116811
 
In Canada we used to have $2,000 limit on losses from other income but they took it away a few years back. We can carry losses forward indefinitely and can carry them back 3 years to reduce gains in these earlier years. Our IRA equiv is the RRSP and likewise no taxes until money removed.