Reply to "Tax the Rich"

Forum Index » Money and Finances

Reply to ""Tax the Rich""

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

You don’t get to charge people more for how many they own, yeah that’s my point. We should do that. It would fix a lot of the problems in our society if more people stuck to owning a single house and you didn’t have all these institutions treating housing like an investment. People who underutilize housing should pay much extra for the privilege of doing so. If you’re wealthy enough to own multiple properties while most young people can’t even own one, you should be able to afford higher property taxes. [/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