charles hopfl

Wall Street Breakfast: Must-Know News

Everyone wants a tax change for 2009. It would only be fair and prudent to allow (at least) individual stockholders to take their losses on security sales as ordinary losses instead of capital losses. This would only apply for 2009 and would allow these individuals to lessen their tax burden on other income including wages for 2009 and clear the air for the future. The argument that the government could not afford to take such a lessening of income in 2009 falls flat when looked at against the trillions the government is giving out in bail out money and war effort (all of which does not help the majority of taxpayers in the country one bit). The majority need some help desparately.