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Money and Finances
Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous]Taxing income is stupid if you don’t touch wealth. What they should be doing is this: Reduce income taxes on the middle and UMC. Top income bracket should still be ~50% but that shouldn’t start until well over $1M/year. Make up for this by getting rid of the long term capital gains rate, and make it impossible to borrow against your assets to avoid triggering a taxable event (at least tax the hell out of this). People who are sitting on capital, not working an honest 9-5 for their money, should pay for it. Tax then hell out of second, third, and fourth homes as well. Property taxes should be in excess of 3% for anyone owning multiple houses.[/quote] Why should my taxes be HIGHER for a 2nd home? If anything, I'm not using the resources 100% of the time in the area, so I'm already paying "extra". But you don't get to charge people more for how many homes they own (most don't own more than 2) [/quote]
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