"Zero capital gains

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May 7, 2007 11:22 pm

[quote=mikebutler222]

[quote=Cowboy93]OK, I assume the proposed

zero capital gains tax has been summarily dismissed; perhaps you can start

a thread with a more appropriate title to reflect your discussion.[/quote] [/

P]



The funny thing is a new thread of “voting for a Muslim” was started, but

we continue here…



As for me, I see no way a zero cap gains tax agenda passes into law.

[/

QUOTE]



Do they have gravity on your planet Mike?



May 7, 2007 11:24 pm

[quote=Starka] [quote=mikebutler222]

[quote=Cowboy93]OK, I assume the proposed
zero capital gains tax has been summarily dismissed; perhaps you can start
a thread with a more appropriate title to reflect your discussion.[/quote] [/
P]


The funny thing is a new thread of "voting for a Muslim" was started, but
we continue here....


As for me, I see no way a zero cap gains tax agenda passes into law.

[/
QUOTE]

Do they have gravity on your planet Mike?

[/quote]

Perhaps this post means something to you, but it's indecipherable to me.

May 7, 2007 11:26 pm

As are most things, Mike.



See you in the funny papers!

May 7, 2007 11:27 pm

[quote=Starka]As are most things, Mike.

See you in the funny papers![/quote]

Best wishes....

May 7, 2007 11:33 pm

Right back at ya!

May 8, 2007 1:20 am

ymh, I thought you were running for an appointment in the SEC?  aren't you supposed to be less public about your religious beliefs?  I'm probably wrong, it probably doesn't matter....

back to the last On Topic post, how would no Cap Gains Tax effect the Muni market? 

May 8, 2007 1:23 am

I don’t think it would affect the muni market much, if at all. People generally

buy munis for tax free income, not cap gains.

May 8, 2007 5:19 am

[quote=Starka]I don’t think it would affect the muni market much, if at all. People generally

buy munis for tax free income, not cap gains.[/quote]



It wouldn’t pass in the first place (short term gains are rich man’s
income), and would have distorting effects on investment in the US.



The existing system of taxing short term gains as ordinary income and
long term gains @ 15% == Tax on QDI seems about right. They may change
it to LTCG are taxed at the higher of 15% or 1/2 your marginal rate.