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[quote=Anonymous][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]

But it should be higher, make it 1.5 mil or 1.75. [b]These low numbers hurt the average millionaire man the most. [/b]A property owner that has two or three rentals will get totally screwed. This really hits hard for families trying to build generational wealth. [/quote]

FTFY

How utterly cruel, they want to hurt the average man with 3-4 properties earning over $1M/year! Poor guy, how are his great great great grandchildren going to survive?
[/quote]

keep taxing the crap out of people and they will instead take their investments overseas and avoid paying taxes (legally) in the US. They will find ways to avoid these new taxes.  And it will hurt the US the most.

[/quote]

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