Comment: Individual proposal regarding change in capital gains rules for investments. Just as one can defer capital gains when selling a home if a repurchase is made within one year, I believe we should be able to defer capital gains on investments if a repurchase is made within one month (or some other time frame). Capital gains tax would only be paid when you withdraw funds for personal use. What would this accomplish? * Make for more efficient markets * Reduce the pressure to lower taxes on capital gains * Treat capital investments the same as investment in a home * Reduce pressure to index capital gains as they should be * Other benefits of which I'm not aware Thank you for considering my proposal. Jeff Armstrong Towanda, IL Ph: 309-728-8062 Email: jjarmstr@starband.net |