So much for so called redistribution, Income gap between rich and poor is biggest in a century (NAFTA, health care)
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The tax rate on capital gains should be increased.
We need to drastically cut government spending, but there are way to many people, making way more money then is beneficial for the economy on capital gains alone.
So if you ever had the brains to risk an investment, by investing and risking YOUR already taxed money, you would beg to pay a higher tax if that investment paid off?
Contrary to the leftie, low information crowd, capital gains is not only for the rich. Regardless of what obama tells you.
So if you ever had the brains to risk an investment, by investing and risking YOUR already taxed money, you would beg to pay a higher tax if that investment paid off?
Contrary to the leftie, low information crowd, capital gains is not only for the rich. Regardless of what obama tells you.
Depends on the investment.
If its a company you started, from the ground up, and built, no I think your capital gains are just fine.
If you're a fast and loose player on wall street and making money off of no real benefit to the economy, yep, you should be taxed on that at a higher rate.
For instance, my family owns and operates a family run body shop. Have to pay some capital gains taxes every year, because we own the business. But if someone came in and bought all of the shares, and made no effort to grow the business, or hire new employees, simply made money off of it, with no real effort, yeah, I'd think that should have a higher rate then 15%.
If its a company you started, from the ground up, and built, no I think your capital gains are just fine.
If you're a fast and loose player on wall street and making money off of no real benefit to the economy, yep, you should be taxed on that at a higher rate.
Then it would slow down investment....ah, what the hell.....I'm wasting my breath on some.
Guess what? That was THE LAW and even the people who wrote the law specifically said that wording was put in their so NO ONE could arbitrarily gut that requirement!
Obama however used semantics to side-step that wording knowing that he couldn't pull it off legally and he wouldn't be able to muster the votes to change the law.
Of course there are plenty of jobs that fit the requirement. That's the real propaganda.
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I was not aware that a massive amount of retail and food service jobs went unfilled. If that were the case, employers would have had to increase wages to fill those vacancies. Since they have not, can we agree that " plenty" of jobs is beyond a tad of hyperbole?
If its a company you started, from the ground up, and built, no I think your capital gains are just fine.
If you're a fast and loose player on wall street and making money off of no real benefit to the economy, yep, you should be taxed on that at a higher rate.
For instance, my family owns and operates a family run body shop. Have to pay some capital gains taxes every year, because we own the business. But if someone came in and bought all of the shares, and made no effort to grow the business, or hire new employees, simply made money off of it, with no real effort, yeah, I'd think that should have a higher rate then 15%.
You're wrong.
Simply because you're limited on how much you can write off in case of a loss.
Interesting.
These "so-called" investors chose to keep their money in sheltered low interest paying accounts ( FDIC insured bank accounts?) instead of risking the principal in any sort of investment?
Have you considered taking your concept to the Shark Tank?
As I understand it from talking to these guys, many are heavily invested in bonds of various types making 1% or less, but secure and with very little capitol gains. Basically they are sheltering their assets.
Others are invested overseas and can't bring their money home without taking a huge tax hit, so they leave it invested in other countries instead of the US.
I have heard of Shark Tank, never watched it.
Our project is just a basic business, wouldn't make it past the screeners who look for drama for any tv show.
Obama, Reid, and Pelosi want to cut programs for the poor and middle class to pay for tax cuts for the rich?
It's ironic that you are calling anyone "low information."
Where did I say they wanted to cut programs for the poor and middle class? Is that right after you stating that it's great having a permanent peasant class because it makes you feel superior?
So if you ever had the brains to risk an investment, by investing and risking YOUR already taxed money, you would beg to pay a higher tax if that investment paid off?
Contrary to the leftie, low information crowd, capital gains is not only for the rich. Regardless of what obama tells you.
the most funny thing is they don't even think that their private investments are going to be taxed HIGHER as well - this brainless crowd really just repeats the talking points.
when you point them that capital gains tax increase is ALSO aimed at middle class ( as any tax which is usually aimed at the broadest base) - the answer is usually a blank stare
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