Reply to About 15%

Forum Index » Political Discussion

Reply to "About 15%"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=TheManWithAUsername][quote=Anonymous]First, there are studies about tax rates and incentives. They show movement.[/quote]
Link?

[quote=Anonymous]Second, the largest effect is about investment versus consumption. Should I invest this money or got to Europe for two weeks, staying in fine hotels?  If I lose half my investment gains to taxes, I consume more. Those effects become very complicated for the creation of social wealth but they are very real.[/quote]
This is very sloppily expressed. What is your point - that we want lower cap gains to encourage investment over consumption?

[quote=Anonymous]Then, on the fairness side, stop obsessing over the super rich for one minute and think about the rest of us. I was taxed on each dollar when I made it. Now I'm going to be taxed on it when I invest it. Do I really have to pay 35% each time? [/quote]
No, you'd be taxed on what you made on the investment. You get taxed on the return, not on the entirety of the investment.

Even if you were right - and you're not remotely so - the only possible solution to that is to cut the taxes for the super rich? That's a pretty big baby with your measly bathwater.

No matter what, you'd be paying income tax plus cap gains, while they'd only be paying cap gains. To address your concerns, it would only make sense to maximize cap gains, so that income tax would be a relatively smaller part of your burden.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics