Capital Gains Taxes ?

I think the debate on Capital Gains Taxes is now irrelevant.

Why?

The huge stock market losses.

Here’s a thought:

Most people do not have any Capital Gains. I think the vast majority of investors, traders and business owners won’t have to worry about paying Capital Gains taxes for quite a few years — they will have a capital loss to carry forward instead.

That’s currently capped at a tiny $3,000 per year per person.

How about raising the current limit of loss write offs to $10,000 or even $20,000 per year?

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