Posted: Oct 18, 2005 By: Sam Jacob

Subject: Capital Gains Tax -stock trade tax

Comment: Instead of individuals preparing ScheduleDs and calculating Tax loss or Gain, is in't better for the government and the individual to have the tax(fee) on a SELL trade like the SEC has.
The goverment will get a steady income and it relieves people of the burden to file the scheduleD.
Individuals might loose the tax loss write-off capability, but if they have a profit , they don't have to pay tax on it.