Share this on:
 Facebook
 Twitter
 Tumblr
 E-mail
32
VIEWS
 
RECOMMENDS
0
SHARES
About this iReport
  • Not vetted for CNN

    • Click to view ultima's profile
    Posted October 30, 2008 by
    ultima |
    Location
    Broomfield, Colorado
    Assignment
    Assignment
    This iReport is part of an assignment:
    Ask Sen. Obama a question

    More from ultima
    More iReports you should see

    Capital Gains

    By ultima  |  Posted October 30, 2008  |  Broomfield, Colorado
     

     

    In Wolf Blitzer's May, 2008 interview of Senator Obama,  the senator said, "A capital gains tax increase would not affect retirees because all payouts from pension funds and 401ks are taxed as ordinary income.  However, won't a capital gains tax increase reduce the net income of pension funds and thereby reduce the amounts available to retirees?

     

     

    Capital gains are not currently indexed for inflation.  As a result, phantom gains due solely to inflation get taxed unfairly.  For example, if there was a nominal gain of 50% during a period in which inflation also totaled 50%, there would be no real gain.  Senator Obama will you promote the indexation of capital gains to make our tax code more rational in this area?

     

     

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.
    More from this assignment - Ask Sen. Obama a question
    On CNN On CNN
    Question for Obama: Obama's Promises And How He Plans To Pay For Them
    On CNN On CNN
    What If McCain Wins By A Small Margin
    On CNN On CNN
    QUESTION FOR OBAMA: RACIAL & CULTURAL HEALING
    See all 1,033 iReports
    Add your Story

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story