Quote:
Originally Posted by epitome
All anybody wants is everybody to pay their fair % based on the progressive tax system that has always existed in modern times and is part of what let this country become what it is (before you argue that, think highway system which promotes commerce). There is now blow back against that because certain people got a decade long temporary tax break that they do not want to let go of.
Income is income. There is no reason capital gains should be taxed less than other income. It is not double taxation because it is only taxation on new income.
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1. I'm still in shock that you and many people in this country want other people to pay taxes. Especially when the lions share of the money is going to the military to kill people. When I was younger...people did not trust the govt. and didn't want to pay one penny more than they had too. We are living in strange times indeed.
2. I've pointed this out over and over and over...but here goes one more time: Capital gains taxes will NAIL the elderly who have retired and are invested with their 401K plans and will kick the shit out of EVERY American who is invested in the stock market.
Taxing investment even more, is a sure fire way to remove one of the reasons to invest your money.
Why would you be in favor of handing a bunch of crooks in Washington D.C. even MORE money while making it less attractive for investment?
Remember...Washington is spending 10 billion dollars a day!!!! They spend all of Mitt Romney's entire worth in about 29 minutes. They spend all of Warren Buffets entire worth in less than 4 days.
They don't need more money. They need to stop spending so much.