Posted: Apr 25, 2005 By: Ron

Comment: Gentlemen:

The recent stock market crash caused extraordinary long term capital gains
losses in a short space of time. Those losses can only be amoritized at
$3,000 per year. Gains, on the other hand, are fully taxed in the year
realized.

This imbalance is causing those tax payers in or near retirement a real
hardship. In my case, I lost half my retirement savings and will never
re-capture the loss in my life time.

Respectfully,

Ronald E. Evans
12902 Red Oak Glen
Cypress, Texas 77429