A Stealth Tax Cut? (excludable distribution account)

INVESTOR'S BUSINESS DAILY ^ | Friday, January 10, 2003 | Editor

[SJackson]

How would Enron stockholders have benefitted from this?

It would have increased/decreased their taxable gain/loss based on non monetary (to the investor) factors, and those who sold Enron the few years prior to their earnings restatements would have the pleasure of filing amended returns, most likely paying additional taxes, since I would assume if earnings increase your cost basis, losses would reduce it.

An example, buy an airline stock at 10, they report a $3 loss, sell it at 8, pay taxes on a $1 gain. Yeah, this is a simplified system.

[friendly]

This is absolutely brilliant! The economy will skyrocket with new jobs and real growth.

Dubya is extraordinarily intelligent on many, many levels. The democrats are trapped by their own rhetoric and propaganda that this Harvard Graduate School of Business alumnus is some kind of hick moron.

I hope they remain self deluded, always to be outwitted like Wile E. Coyote by the Dubya Roadrunner. BEEP, BEEP!!!!

[RobbyS]

I know little about such matters, but I have been told by an actuary that rich men--I am am talking about them as a class---are adept at tax avoidance, because money, unlike other forms of property is hard to capture.

[Isara]

Please keep this in mind. This article came from the editor of Investor Business Daily, not New York Times.