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<p>[QUOTE=&quot;imrich, post: 1022475, member: 22331&quot;]<b>Correct and Appreciated Declarations</b></p><p><br /></p><p><br /></p><p><br /></p><p><font face="Arial Black">Your statements are correct and appreciated relative to many of the uninformed posts which have been presented by others. &quot;Capital Gains&quot; and &quot;Collectible Gains&quot; taxes have been in effect as long as I can remember.</font></p><p><font face="Arial Black"><br /></font></p><p><font face="Arial Black">I believe it will be found that these are taxes only on the &quot;gains&quot;, and proper filing allows deductions for all expenses. There aren&#039;t taxes unless there&#039;s profit, and when properly filed, a loss can be applied as a deduction against &quot;earned income&quot;.</font></p><p><font face="Arial Black"><br /></font></p><p><font face="Arial Black">If residents of this country were to educate themselves by discussing the tax laws with &quot;foreigners&quot;, I suspect that they would establish that their concerns about all profits being taken by the government, are incorrect in this country, and that we currently have a more favorable tax structure than many countries.</font></p><p><font face="Arial Black"><br /></font></p><p><font face="Arial Black">A thorough investigation of current tax laws should reveal that the regulation changes are not laws changes but relatively minimal new</font></p><p><font face="Arial Black">enforcement policies, that really don&#039;t affect those who comply with existing tax laws. The changes in tax &quot;regulations &quot; are intended to close the cracks through which a significant portion of our society has slid untaxed income. </font></p><p><font face="Arial Black"><br /></font></p><p><font face="Arial Black">Policy changes as those currently being federally mandated will increase elusive untaxed income for both the federal and state government. The ultimate effect is to justify an increase in tax enforcement employees, wholly supported by new tax revenues, which will allow better collections when Congress/Legislatures approve increased tax levies.</font></p><p><font face="Arial Black"><br /></font></p><p><font face="Arial Black">The benefit of the new regulations to the average taxpayer is that honorable compliers will realize a reduced future increase in their tax levy because more elusive profiteers will share the burden of elevated government employment/expenditures, through &quot;fair taxation&quot; for all.</font></p><p><font face="Arial Black"><br /></font></p><p><font face="Arial Black">This is my story, as a </font><font face="Arial Black">government/</font><font face="Arial Black">political representative, and &quot;I&#039;m sticking to it&quot;. :devil:</font></p><p><font face="Arial Black"></font>[/QUOTE]</p><p><br /></p>

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