i agree, but the equitability of the tax structure should be considered too. im curious though, why have capital gains tax at all? with this argument, if you stop taxing cap gains the economy will do even better. so much better i bet that so much $$$ will trickle down that we wont even need to pay for healthcare for all the old people.
Surely you're not saying we should make rich people pay higher taxes because they're rich even if it creates less revenue for the government and a poorer country just because that will increase the "equitability" of the tax code. That's the only thing I can read into that statement. The rest of your statement grossly oversimplifies the issue. I'm not arguing for no CG tax at all and neither is any serious candidate.
sort of but not exactly. id love forbes's flat tax with serious cuts for poor. i have big problems with sales taxes, low caps for payroll taxes and low cap gains taxes---adding up all those things = regressive tax structure. i know that poor people would pay the same tax rate on cap gains, but by definition they dont (or very, very little). but rich people still pay a much lower tax rate on money they make and that isnt fair (it doesnt matter if its $ from income or from investments). so if the country still wants to have a regressive tax structure because it will create a stronger economy, then ok, but stop with all the bitching and moaning about being overtaxed. rich people are getting a break. i realize that, but why/how?
Did they grow the principal in their garden? Or, pick it from a tree? Or did they work hard to earn it?
all of the above. does it matter to you? there is no correlation between how hard one works and how much money they have. and if you want to argue that then you are not a capitalist.
