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Re: IL Padrino post# 34650

Thursday, 05/23/2013 12:57:01 AM

Thursday, May 23, 2013 12:57:01 AM

Post# of 798102
My CPA told me that I if I were to lose money on other stocks, I can't write it off against gains from FNMA. That is BS and is one of the reasons I'm staying truthful to Fannie.

However, I do believe capital gains should be taxed at something closer to 40%, otherwise it just insures the ultra wealthy don't pay their fair share of the tax burden furthering wealth consolidation and hurting the economy.

I absolutely do not believe that austerity is healthy for the economy and tax revenue has to come from somewhere. The more one benefits from our infrastructure the more one should pay to support it.