THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, April 26, 1995 TAG: 9504260007
SECTION: FRONT PAGE: A10 EDITION: FINAL
TYPE: Letter
LENGTH: Short : 26 lines
In the capital-gains-tax debate, there seems to be a point no one talks about.
There are two kinds of capital gains. The first where you simply gamble on the stock market and, at times, win big. This should be taxed since, in effect, it is legalized gambling.
But there is another kind of capital gains, where a person or group of people roll up their sleeves, put in the 14-to-16-hour days, and build a small business, causing most of the nation's job growth. This kind of capital gain should be taxed as little as possible since people are really working and are helping to relieve our unemployment problem.
DONALD W. DAVIS
Chesapeake, April 21, 1995 by CNB