Anyone have an idea on how short tax revenue will be as a result of the losses in the Market

[HereSince1628]

I think it's gonna take me a couple of years to use up all my losses. If you multiply that across tens of millions of little investors, the shortfall is gonna be simply enormous.

[Fresh_Start]

1. there are a lot of paper losses

but it may not be as bad in terms of actual losses

first you have to sell to realize the loss and as you mentioned you can only use a portion of the losses in current tax year
second losses in tax deferred accounts don't get counted now
third some percentage of the people are gaining because they've held the investments for more than a couple of years

[HereSince1628]

3. Thanks,

Capital preservation dictates losses. Of course folks could just ride it to the bottom.

I understand that my retirement accounts managed by TIAA-CREF aren't going to matter at present.


What I am asking is on top of losses in revenue due to job losses which are possibly about to become staggering. There will also be a lot of people who DO realilze losses. I'm wondering about the size of that loss to the Govt on top of the loss in revenue that will follow the lower level or income.

[54anickel]

2. Guess there won't be much opposition to raising the capital gains tax now, huh? n/t

[HereSince1628]

5. Actually, I expect the IRS to hire more folks to do more reviews

in an attempt to squeeze more revenue.

The Capital side is still screaming tax breaks. Since as long as I can remember (and that goes back into the 50's) the cure to everything is tax breaks.)

[gasperc]

4. think of the biggest number you can

and then double it