Quote:
Originally Posted by Robbie
Hey, I'm with you...I think we should just have a flat tax. No deductions for anything.
But you were asking why capital gains were taxed at a lower rate with our current system. So I was just answering that specific question.
And again, in my opinion...capital gains should have ZERO tax on them...that money is being taxed twice by the corrupt politicians in the Federal govt.
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The problem with a flat tax is its very regressive. Taking 15% of someone's money who makes $30k a year is going to have a much larger impact then taking 15% of someone's money that makes $200k a year