Capital gains tax needs reform, too

Tax reform must include a reduction in the tax on long-term capital gains for the same reasons that the estate tax should be eliminated. If you buy an asset (stock or house) and sell it, you will be taxed on the profit from inflation over many years. But assets pass to your estate on a "stepped up" basis: no long-term tax.

If you want to spend your profit, there will not be much left after the tax. You have to die to get a tax break. Long-term capital gains should be "indexed" to inflation, or no tax on gains if held for 10 years. This is the way capitalism should work. This is fair. If you own a stock and it is sold for cash because of a merger or acquisition, your tax could be so high it would wipe out many years of savings. It could wipe out your retirement. And you have no control over the sale. You are a victim.

"Index" long-term capital gains or eliminate all tax on assets held for 10 years. Keep the stepped up basis for assets passed to an estate. This affects millions of people.

Edie Boulter

Rapid City

Deny mass shooters publicity they seek

The frequency and extent of mass shootings appears to be on the increase.  They are occurring more and more frequently.  There seems to be one question that no one can answer: "Why?" What is the common factor? Who are these nuts and what motivates them? In every case, they are either killed or commit suicide. 

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In my opinion, there is one common factor: Publicity. Notoriety. These losers all seem to be unknown, non-producers, people who have made no contributions to society. To these sad people, the sight of someone just like themselves on the front page of every newspaper in the country and their names and images on all the national TV news programs must be a strong inducement for them to snag a place in the history books. "My name and face will be known to everyone in the world.  I will no longer be a nobody, an unknown."  

I know the public has a right to know.  But do we need to know the name, see the face? I really don't think so. If the perpetrators of these horrible acts were to remain anonymous, that incentive would disappear. And, their unfortunate families would be spared the humiliation and disgrace, mostly undeserved.

Lowell Holmgren

Rapid City

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