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Reply to "biden pushing for new capital gains tax "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate. It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k. [/quote] +4 I can’t get exercised and angry over this. These people do not pay their fair share and the party they seem to support keeps wanting to tax poor people more “so they have some skin in the game.” Poor people’s skin is the what the rope is made of while the wealthy get to float above it all like ghosts.[/quote] What is the fair share? Obviously if you do not have the money, cannot pay the taxes. Or if you do not have investment/business you can not pay the taxes. By this definition, the rich person must be paying most of the income/investment tax.[/quote]
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