More than 90% of all mutual funds have lost money this year, according to the researchers at Morningstar Inc. As fund managers have been flailing to stay afloat, they have been trading like crazy, generating capital gains and, in turn, creating a tax liability for investors.[MarketWatch ; http://www.marketwatch.com/news/story/mccain-obama-should-move-end/story.aspx?guid={DAB0DD9D-EC06-411E-B26F-B1607D582983} ]
This is what the Democrats oppose - and call the Bush tax cuts for the rich.
WHAT ABOUT TO LIFT TAX BURDEN FROM EMPLOYEES BY 10% AND LEVY ON FUNDS, BANKS, FINANCIAL SERVICES AND OTHER BLOOD SUCKERS BY 20%?
Otherwise, Who will you make to pay that 700 billion USD bailout burden?
[MarketWatch ; Comments]
This comment from the "main street" point of view" reflects the Democrat (Now the American Socialist Democratic Party - or just the socialists) line against the Bush tax cut for the rich. However, note the reality of the problem, the mutual funds being taxed are Main Street's pension funds! Have you spotted the socialist lie??!!!
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