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The Coca-Cola Company Message Board

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  • mikiesmoky mikiesmoky Feb 19, 2005 11:56 AM Flag

    Friedman sees US strategy success

    REGARDING: I see no reason why he must pay taxes on 'withdrawing' some gold to live on in retirement. The Gov't should not tax this. It has not appreciated, the dollar has depreciated. He has already paid taxes on the wages. He has worked around a problem with Gov't retirement savings laws, just as millions of others. It is morally in keeping with what the Gov't laws hope to achieve. You treat it like a retail sale. It is not. Not in intent, not in substance.

    RESPONSE: Whereas you are acting emotional and weird, I will offer a solution, which Congress has thought about, but not very seriously.

    ALL GAINS SHOULD BE TAXED AT ORDINARY INCOME TAX RATES
    Any asset held more than two years should have its cost basis adjusted for inflation.

    That would be equitable, but would deprive Wall Street from its games.

 
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