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Reply to "biden pushing for new capital gains tax "
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[quote=Anonymous][quote=Anonymous]Revenue from capital gains tax has gone up when capital gains tax rates were cut under Clitnon and Bush. In response Obama said he didn't care, he would raise rates as a matter of fairness.[/quote] When capital gains taxes are relatively low, investors will sell what they buy more frequently. When taxes are high people tend to sit on investments that have gained, reducing the number of transactions subject to the tax.[/quote]
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