CAPITAL GAINS TAXES ARE LOWER THAN REGULAR INCOME TAXES, NOW!!!
The previous Capital Gains Tax Reductions are causing havoc on Wall Street.
The Controlled Media failed to report that the last Tax Revision, "sneaker'd" in during Clinton's Watch, which reduced the short-term Capital Gains Tax to the regular tax rate for the seller of stocks, held less than 12 months. The profits from sales of stock held more than 12 months is taxed at 20%, the rate the lowest wage-earner must pay on all his income.
The Capital Gains earned by a person is not subject to withholding taxes, or Social Security Taxes, as is the average worker's total wages.
It is outrageous to talk about lowering Capital Gains Taxes.
The current evil of Short Selling and High Volatility--we predicted the stock market would be a roller coaster back in the Spring of 2001, when they lowered the Capital Gains Tax to such a ridiculously low rate. Current ups and downs are caused by greedy Money Changers taking profits, by borrowing stocks at a high price and selling them, and later buying back at a lower price, to repay the borrowed shares. This SHORT SELLING OF STOCKS CAUSES WALL STREET TO ROLLER COASTER.
On Wall Street, brokers make all their money, by driving the Market up and down and taking profits from their manipulations. Commissions barely pay overhead. Short Selling--shady deals by the fat cats--and this outrageous lowering of Capital Gains Taxes, are the Root Causes of what is happening NOW. Permitting this EVIL, called "Selling Short", which depresses the Market, is the fault of the Bribe-Takers in Congress.
MONEY TALKS !!
HERE IS MORE OF CORPORATE AMERICA'S BIG LIE!!!!
Read the comments after the UBS Spokesperson's email post below.
From: eva.banos@ubs.com
X-OpenMail-Hops: 2
Date: Thu, 22 Mar 2001 10:43:52 +0100
Subject: Request
TO: rmnymkr@omni.sparks.nv.us
X-MIME-Autoconverted: from quoted-printable to 8bit by mail.greatbasin.net id BAA28420
Dear Mister Moneymaker
Thank you very much for your request. The name UBS stands for itself. It means
only UBS and the intials haven't any more a significance.
With kind regards
Eva Baņos
UBS AG
Information Center
Tel. 01/234 93 79
Fax. 01/234 56 56
eva.banos@ubs.com
An Outright Lie!!!! United Bank of Switzerland is the owner of everything titled "UBS".
Submitted by Jerry Lodbill, of the Money-Ethics Group, who found the UBS Website, and "About UBS" there.
Footnotes:
#1 - Paul Warburg was the primary force in founding the Federal Reserve in 1913. Click Here for a Reference.
What's Ruined American Capitalism--The CORPORATION--Click here to read how.
