To: Huck
Eliminate The Capital Gains Tax. I think most people would rather see an increase in the absurd $3,000 limit on capital losses which can be taken against income. I know dozens of people carrying forward over $100,000 in losses from 2001, yet still must pay taxes if they make money on anything else but the market.
To: montag813; Huck
Eliminate the Capital Gains Tax.
I've been saying this for years.
I noticed that Larry Kudlow brought this up the other night - the first time in a long time I've heard him suggest this. I have so much carryforward, it's ridiculous.
Now, losses are going to be the bain of most investors existence, when they get around to doing those taxes with all the sales they've been doing. I'm hoping that the chorus of voices will convince Bush to push for cutting the Capital Gains tax - like eliminating it.
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