On Tue, 14 Jun 2011 14:05:35 -0600, Canuck57
wrote:

On 14/06/2011 9:09 AM, wrote:
On Mon, 13 Jun 2011 23:56:30 -0600,
wrote:

On 13/06/2011 5:33 PM, wrote:


I did hear one idea on capital gains that sounded interesting. Tie the
tax discount more closely to how long the investment was held.

They already do in the USA for cash accounts. 40k/IRA get the full hit
on withdrawal.

Explain the "cash account" thing?

I agree 401ks are a time bomb and I think we ain't seen nothin yet on
those taxes.



You wouldn't get the full tax break until it was held 5 years and make
it a higher percentage ending at the regular income rate at 1 or 2
years.

Fast way to scare off investment. In todays market, 5 years is not even
calculated. Too many changes coming for a commitment that long without
some guarantees no one will or can make.

A huge part of our problem is that businesses work in 90 day windows
while out competition in China looks at decades at a time.

For example, if you give me a 20 year tax rate guarantee for property
and income tax that I like, I would buy a Florida property tomorrow
morning. But with the debts out of control, I will hold off and decline
thank you. No sense in moving to the taxed poor districts of USA. And
Florida is one of the better places.


There is no income tax in Florida and we have SOH limits on property
taxes. That may actually be a bad thing because if we get a round of
massive inflation, the local communities may go broke. They were
certainly fat during the housing boom because the property taxes were
pegged to the sale prices and they were fantasy. The smart communities
like mine banked that excess money. although we did let the school
board get out of control ($20k per student kind of out of control)

Not really. Limiting government taxes is good. Can't keep raising
taxes into perpetuity or you quickly become state debt-tax slaves. What
is missing though is the removal of governments saddling debt into the
system. That is, funding the excess with a credit card. That bypasses
the intent of the limiting taxes and thus is fraud on the intent for
people to maintain some economic freedom.

The reality is, government is living beyond its means using debt fraud
to fund it.

Bottom line, they have to cut spending and start paying those debts. If
that means tossing some politicially sacred cows and union ass to the
pavement, start throwing. No reason why everybody has to suffer but for
government. Do the socialist thing, share the pain not just the gain.

Good grief... your stupid statements cannot be attributed to your
eyesight problems.