From Deseret News archives:
Demo tax plan question
I do not consider it a gain if an investment is merely keeping up with inflation. The tax code conveniently ignores inflation and calls it "long-term capital gains" instead.
Now we learn that the tax increases planned by Democrats will only apply to those "rich" taxpayers who earn more than $250,000 per year. Not being in that group, will they not raise my capital-gains taxes? Or do Democrats assume only the "rich" invest in stocks and are taxed on long-term capital gains?
Werner A Ruemmele
Bountiful









