Originally Posted by Robbie

Here are some reasons:

One..the money you invest was ALREADY taxed at a normal rate when you first earned it. So the feds are double dipping you.

Two...you would discourage investment if taxes were high on capital gains. Matter of fact they should be zero. Think about the stock market falling very, very fast if capital gains were taxed at a high rate.

Three...all the elderly people out there living off of their retirement plans (stocks and bonds) would now be taxed at a much higher rate. Remember, capital gains are investments. Those retired people ALREADY paid taxes on the money they earned at their job. Now they have to pay capital gains taxes too once they are retired. It isn't right. But not much about the greedy, overspending federal govt. is.

And lastly....Romney said many months ago that his plan to reform taxes would RAISE capital gains taxes on people like himself with high incomes and eliminate if for middle and lower income people's investments.
But the media only reported that for like 5 seconds on one day.
The rest of the time they are too busy trying to win the election for Obama.