tax help in the future????

datruodb · 08-16-2006, 07:36 PM

check out the news article that I just read about!!

http://yahoo.smartmoney.com/stockscr...ntro&afl=yahoo

Stock Screen

Fitness for a King

By Jack Hough Published: August 9, 2006
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THE GOVERNMENT MIGHT start paying you to exercise. The Personal Health Investment Today bill (House Resolution 5479), introduced in May, would treat the cost of gym memberships and exercise equipment as medical expenses, making them tax deductible for many Americans.

A less focused reporter than me would rant here that America's personal and business tax laws already take up 16,000 pages and cost citizens who wish to order a printed copy more than $1,100. They'd mention how a fair personal income tax scheme — one that takes a bit more from the rich than from the poor — could be written on a single page, but for the insistence of Congress on using tax deductions to pay citizens to live a certain way. (Right now it's lucrative, for example, to be a heterosexual, married, small-business-running homeowner who drives a vehicle weighing more than 6,000 pounds.) They'd probably then urge Congress to separate the job of tax assessment from that of social engineering: Use the tax code as a simple means of raising revenues and pass separate laws providing direct government handouts for "good" behavior, thereby creating a more frank and visible system.

Fortunately, I'm above such pulpiteering. Let's talk instead about Life Time Fitness (LTM: 43.55, +0.38, +0.9%), and how its shares look poised to help you cash in on HR5479 or similar legislation, or on the growing fitness industry in general.

**romanaz** · 08-16-2006, 08:52 PM

sounds good to me maybe i can cash in on it and get a powerack and such

08-16-2006, 07:36 PM	#1
datruodb Pro Stature Join Date: Oct 2005 Location: Tulsa, Ok Posts: 326 Recipes: 0 Rep Power: 6	tax help in the future???? check out the news article that I just read about!! http://yahoo.smartmoney.com/stockscr...ntro&afl=yahoo Stock Screen Fitness for a King By Jack Hough Published: August 9, 2006 Click here for more stories by Jack Hough. In This Story Intro Go to Screen Download Screen StockCompare See how the stocks on this page stack up. Price Check Calculator What's this stock really worth? Try our new valuation calculator. Archive Stock Screen Archive Stock-Watching Tools Intraday Stock Alerts Stay on top of price movements Map of the Market An interactive view of 600 stocks Your Portfolio Track up to 500 stocks in 10 portfolios Tear-Off Watchlist The best way to track your stocks Daily Briefing Hot stocks, earnings and economic reports Breaking News Today's top business news Updated Market Overview Today on SmartMoney ETF Focus: Index Wars One-Day Wonder: Back in Style Techsmart: WiMAX for the Minimum Stock Screen: Their Bottom Lines Are Tops The Contrarian: Season's Greetings Advertisement Email This Story Print This Story Add to del.icio.us Save This Story Read/Post Comments Digg it Add this column to your News Alerts (New!) Note: This column was originally published on SmartMoney Select, our premium, subscription-based website. To access this and other content from SmartMoney Select on a daily basis, click here to start your FREE TRIAL now! THE GOVERNMENT MIGHT start paying you to exercise. The Personal Health Investment Today bill (House Resolution 5479), introduced in May, would treat the cost of gym memberships and exercise equipment as medical expenses, making them tax deductible for many Americans. A less focused reporter than me would rant here that America's personal and business tax laws already take up 16,000 pages and cost citizens who wish to order a printed copy more than $1,100. They'd mention how a fair personal income tax scheme — one that takes a bit more from the rich than from the poor — could be written on a single page, but for the insistence of Congress on using tax deductions to pay citizens to live a certain way. (Right now it's lucrative, for example, to be a heterosexual, married, small-business-running homeowner who drives a vehicle weighing more than 6,000 pounds.) They'd probably then urge Congress to separate the job of tax assessment from that of social engineering: Use the tax code as a simple means of raising revenues and pass separate laws providing direct government handouts for "good" behavior, thereby creating a more frank and visible system. Fortunately, I'm above such pulpiteering. Let's talk instead about Life Time Fitness (LTM: 43.55, +0.38, +0.9%), and how its shares look poised to help you cash in on HR5479 or similar legislation, or on the growing fitness industry in general. __________________ Vanilla Gorilla

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