I urge you to write your representative and request that the $3000.00 limit for investment loss per year be increased.

Ideally the loss write off could not exceed yearly income, but if greater, carried over.

This is not for IRA or 401k stuff.

Washington needs to do something for Americans who pay taxes on investments in the stock market.

You pay taxes on dividends and profits yearly and there is no cap on that.

More government bailout, huh ? Sell your soul to the devil, he will collect. You haven't lost any thing untill you sellout your investment. Right now the stock market is on sale, so hold what you have and INVEST wisely.

Heavy,

Youre kidding right? The stock market is a gamble plain and simple... They dont give you your money back in Vegas, why should they in the market? I just know youre being facetious...


F

More government bailout, huh ? Sell your soul to the devil, he will collect. You haven't lost any thing untill you sellout your investment. Right now the stock market is on sale, so hold what you have and INVEST wisely.


I know how it works.

you don't take a loss until you sell.

A lot of people (like me) have sold because the investments were on the way down and got out before it bottomed.

If the banks can write off billions in one year, why can't the IRS raise the limit on loss write offs for the typical American investor?

I know how it works.

you don't take a loss until you sell.

A lot of people (like me) have sold because the investments were on the way down and got out before it bottomed.

If the banks can write off billions in one year, why can't the IRS raise the limit on loss write offs for the typical American investor?
Somebody has to be the loser and it might as well be you. I saw all this coming and got out clean at the peak. Why should I be penalized by giving my tax money to you?

Not asking for your money.

I pay taxes on capital gains and dividends (with no limit) and yearly, but losses I have to carry over for years.

Nothing in the current plans does anything for the American taxpayer/investor.

Only for the ones in debt.

If you want to stimulate investment, give me a break on investment loss.

Way to go heavy,will and have.I assume you are like me and sell stock to augment your monthly income.I'm down 3 years income in the market so far.Total ****en BS banks are getting bailed out and their doing nothing for responsible investors.

Thanks, it is good to see someone else see my point.

This is not a handout, but tax relief (probably why the Democrats won't go for it).

There was talk of voiding the income tax altogether for this year and I think this is a better more reasonable start.

The American investor is one of the main parts that drives the economy engine.

Like I said, if they want to stimulate investment, give the investors some more tax relief on their losses.