tmhudson2
New Member
Why not buy stock in a gun manufacturer?
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Actually... There are several proposals to change the way you can carry forward your losses. Right now if you have a 100K loss and next year you get a 100K gain in stocks, they offset each other because of the loss carry forward and you don't pay tax (essentially the thought is you already paid tax on it once). What they are thinking is phasing out the carry forward loss as you make more money... That's worse than phasing out the itemized deductions IMO.
I think a lot of people now are cashing out of stocks not to get out of the market but to make sure they capture the incredible losses so they won't have to pay taxes as the market improves and if you cash out in a few years (it's usually a smart move). But our friendly scum sucking Barnies up in DC will put a stop to this...
The more I read what this new plan has in it, the more I want to buy guns.
I have heard about "gun shortages" from a few right wing websites the last few monthes. Heh. Actually, might not be a bad idea, considering liberal agendas generally include gun controls.
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I shoot regularly at our local Bass Pro shops indoor range and I frequent the new gun counter. The sales manager told me they sold 53 handguns last weekend. This is a direct response to fear of proposed handgun bills and ammo tax increases. My quick search of the several companies profits show continued progression.
By all means liberals take away my guns so criminals who break the law and carry a gun can shoot me unarmed. :smt021
OF COURSE the President is painting the gloomiest of pictures - he's done that since he was a candidate. If this problem solves itself, he'll claim he solved it. If his stategy fails, he will blame it on the previous 8 years. It's always been a NO LOSE situation for him.
<<snip>>
What were we talking about again? Oh yeah, the stock market. :grin:
Partisan politics to the very end