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On 4 Nov 2008 22:42:17 GMT, Scott Seidman
wrote: I suspect that if this comes to be, in four years you'll be saving more money on pharmaceuticals alone than you'll be losing in any tax increases. My pharmaceuticals cost me very little, Scott. My taxes are horrific. This, afterall, *is* the Commonwealth of Massachusetts where you pay an income tax, a sales tax, a property tax, an excise tax (on your automobiles every year - it's supposed to pay for roads/bridges - riiiiiiight. And, since I am more than 70 1/2, I have to remove a certain percentage of my 401K each year even tho I do not want to or need to. The taxes on that are horrific and I expect will get worse. So much for saving for my old age. Obama's intended increase in capital gains will hit *everyone* very hard. Dave |
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