Well, that is what money markets are for. Even with bad securities you can sell, then move them into another investment, or just leave them in the money market account and you won't pay the capital gains tax until you actually liquefy the assets.
I like a sales tax, but I still think high income levels will have to be taxes as well. > -----Original Message----- > From: Cameron Childress [mailto:[EMAIL PROTECTED] > Sent: Wednesday, January 11, 2006 11:35 AM > To: CF-Community > Subject: Re: FairTax (was Re: Next in line to be labelled) > > Ah - Well there's a whole other branch of discussion having to do with > Capital Gains Tax. I think the biggest problem that Capital Gains > causes could be summed up by the word "stagnation". Because of it, > people do tend to leave money in an investment (perhaps even a bad > one) longer than they should just to avoid the Capital Gains tax. > > Either way, in the context of Fairtax, both earned and unearned > (Capital Gains) income taxes should/would go away since income isn't > taxed, spending is. > > -Cameron ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:191742 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
