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stock losses
Posted on 10/11/08 at 11:08 am
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 on 10/11/08 at 12:19 pm to 30daze
i think that is a fantastic idea.... i don't understand the 3k law anyway....would good does that do ?
Posted on 10/11/08 at 1:42 pm to 30daze
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 on 10/11/08 at 1:44 pm to Zilla
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 on 10/12/08 at 10:04 pm to R2D2Tiger
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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