Ravi
Diamond Member
LOL, a bit sensitive are you? I wasn't calling you right wing, I was including you among the bamboozled.Thank you, Care. I'm embarrassed to admit that I didn't look at it like that. It certainly puts the kibosh on the tired line Valarie parroted above, that making capital gains tax the same as all other income taxes would discourage investors.I should correct myself in saying that i worded it wrong on 50% of America invested in 401ks in the stock market, it should be.... the investers in more than 50% of the stock market are investors that hold their investment, within a 401k.
Bamboozled again by the right wing spin machine.
Not exactly, Ravi.
I think for myself and I'm not "right wing". You seem to be bamboozled by the idea that all things in America are either right or left. I know it's easier to just label people, but things tend to be more complicated than that. BTW, there are different types of capital gains to consider besides the stock market. The issue is trying to find the proper balance, not pointing fingers at investors.
I found some good info about capital gains rates here:
Capital gains tax rates -- how to know which capital gain rate you will pay (Page 1 of 2)
More rate changes to come?
Both the 15 percent and zero percent rates are scheduled to be in effect only through 2010. If Congress does not extend them, the rates will return to the prior 20 percent and 10 percent levels.
Given the economy and the new political makeup in Washington, D.C., it is not clear how lawmakers will deal with the lower capital gains rates. They could let them run their course and expire at the end of 2010. But they also could decide to end both rates early or keep just one lower rate but not the other.
With Congress continually tweaking investment tax laws, what's an investor to do? Most financial experts say to take advantage of today's lower rates while they are around and when they fit into your portfolio plans.
But don't forget about the ultimate Dec. 31, 2010, deadline. And definitely keep an eye on federal tax-law writers in the interim.
If I ever feel the need to insult you, I'll know what to do...