wrote in message ...

On Tue, 26 Apr 2011 06:11:11 -0400, wf3h wrote:

On Mon, 25 Apr 2011 23:10:44 -0400, wrote:

On Mon, 25 Apr 2011 22:41:32 -0400, wf3h wrote:

On Mon, 25 Apr 2011 21:52:26 -0400, wrote:



The only problem with that is it would crush the stock market and
devalue everyone's 401

which, of course, is bull****

where's your evidence

and no, it wouldnt crush 401K's because they are taxed as regular
income, NOT as capital gains

you dont know **** about **** do you??

If people start using other ways to invest the stock market will
suffer and that makes the 401k suffer.

proof?

well. none. capital gains taxes are as low as they've ever been in US
history

how's the US economy doing? we at full employment? how's the deficit?
is it low?

The stock market is doing great. that is good for your 401k isn't it?
That is all I said.


the fact is, capital gains should be taxed as regular income. there's
no reason the rich should get a free ride. i'm not a socialist and
dont believe in socialism for the rich like the right wing does

I am far from rich as are most seniors and they enjoy the lower rates
on their investments.
They are also the ones who VOTE

If you look, the big boom in the stock market started with the Clinton
cut on capital gains. 1996, effective in 1997.

gee. and capital gains were cut under bush

which led to the greatest depression in US history since 29

Again the stock market came out long before the general economy did.
BTW do you think we should tax the gain on your house as ordinary
income too?

They use the tax code to modify behavior. When you raise the tax on
something, people do less of it. They drop the tax when they want you
to do more of it.

gee. so we have socialism for the rich and the middle class pays for
it

you want a good economy? high demand?

cut taxes on the middle class. but the right wing OPPOSES that.


The middle class has the lowest tax rate since the Hoover
administration.
I made $100k and paid about $11,000 in income tax

Reply:
Bob. I am not rich, but invest for capitol gains as opposed to day trading,
etc. that would be the mode if you taxed capitol gains as ordinary income.
Why would I invest in a startup? If I had to gamble money, I want a better
return. If I have to set on the money for 5 years, why can I not take a
loss at ordinary income during those years where I was upside down? If you
had invested conservatively and across the board while the economy was good
you would not be crying the blues.