Definitely some inequities in the system. Stock, a personal investment in most cases, that is, not business, is taxed on gain and losses go against gain, either short or long term, however, a personal automobile is treated differently, even if you feel the value of the automobile will go up over time, such as the Austin Healey. You are taxed on gain, but not allowed loss. Don't you just love this system we have!? In case of a car it would be better set it on fire and call it a casualty loss than to sell it in some cases.
