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stock losses

Posted on 10/11/08 at 11:08 am
Posted by 30daze
Member since Jul 2008
1 post
Posted on 10/11/08 at 11:08 am
Put a smile back on investor's faces by allowing each to take their capital losses as a deduction against ordinary income; presently, only 3K per year can be taken. The immediate result would be a pick up in retail sales, optimism, and a generally positive attitude. Someone please get this idea to McCain's camp. Appreciate your comments.
Posted by Zilla
Member since Jul 2005
10644 posts
Posted on 10/11/08 at 12:19 pm to
i think that is a fantastic idea.... i don't understand the 3k law anyway....would good does that do ?
Posted by R2D2Tiger
looziana
Member since Oct 2008
445 posts
Posted on 10/11/08 at 1:42 pm to
quote:

Put a smile back on investor's faces by allowing each to take their capital losses as a deduction against ordinary income; presently, only 3K per year can be taken. The immediate result would be a pick up in retail sales, optimism, and a generally positive attitude. Someone please get this idea to McCain's camp. Appreciate your comments.






My mother took a 250k hit with a corrupt and fraudulent contractor on a home she was renovating. She's been taking the 3k loss every year. I'm sure she'd love to take the rest of that 250k this year, heck, that would qualify her for the EIC!


Posted by R2D2Tiger
looziana
Member since Oct 2008
445 posts
Posted on 10/11/08 at 1:44 pm to
quote:

i think that is a fantastic idea.... i don't understand the 3k law anyway....would good does that do ?



It prevents the rich from writing off their living expenses as capital losses.
Posted by Spankum
Miss-sippi
Member since Jan 2007
60849 posts
Posted on 10/12/08 at 10:04 pm to
quote:

My mother took a 250k hit with a corrupt and fraudulent contractor on a home she was renovating.


holy shite...I'd be reposessing 250K worth of some contractors testicles....
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