Quote:
Originally Posted by L-Pink
Think how much worse the economy would be if more of your capital gain was wasted by the government vs reinvested by you. Seriously.
.
|
I'm saying a lot of people cannot fully take advantage/abuse the shit out of the capital gains rate like a very small % of the US. I'm not saying raise it like crazy or anything, but these guys want it to go to 0%. Which is simply absurd.
Then there is the whole right wing talking point "but these old people need low rates to survive." They don't give a shit about old people, other then to please them just enough so they keep voting for them. Sure grandma is living off her dividends late in life, but she isn't making a crazy sum of money with them most likely either. So even if it was taxed at normal income rates, she wouldn't be paying 30%+ likely. If she is, well then she is making $500k+ off dividends which at a very generous return rate of 10% is still $5 million invested. I doubt she'll be eating cat food paying 30% on that $500k+ versus just 15%.