Should capital gains be taxed or not? - GoFuckYourself.com

B40 · 07-23-2002, 02:49 PM

What do you guys think?

Gutterboy · 07-23-2002, 03:00 PM

Yes, unless they are my capital gains.

FlyingIguana · 07-23-2002, 03:02 PM

capital gains from foreign entities yes. otherwise no.

BrettJ · 07-23-2002, 03:11 PM

capital gains taxes are more progressive than a flat income tax.

buy a painting valued at 1.5 million dollars - sell that painting for 2 million. Would you rather pay taxes on all 2 million of that - or just 500k profit you actually realized?

~brett

Mako8888 · 07-23-2002, 03:41 PM

They should be taxed, but not at the current 28% level (Fed + State).

About half that figure would be right, so 14% should be the rate.

It's funny that in this country we have a ZERO percent capital gain tax rate on profits recieved from your home, as long as you take the money and invest it in another house (primary residence) within 12 months.

Proof to the democrats that taxation DOES hinder economic growth, and in this case of ZERO TAXES, spurs tremendous growth.

07-23-2002, 02:49 PM	#1
B40 Confirmed User Join Date: Jul 2001 Posts: 7,020	Should capital gains be taxed or not? What do you guys think? __________________

07-23-2002, 03:00 PM	#2
Gutterboy So Fucking Banned Join Date: Jul 2002 Location: Dis Posts: 4,751	Yes, unless they are my capital gains.

07-23-2002, 03:02 PM	#3
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	capital gains from foreign entities yes. otherwise no.

07-23-2002, 03:11 PM	#4
BrettJ ol' timer Industry Role: Join Date: Jan 2001 Location: Seattle WA Posts: 4,715	capital gains taxes are more progressive than a flat income tax. buy a painting valued at 1.5 million dollars - sell that painting for 2 million. Would you rather pay taxes on all 2 million of that - or just 500k profit you actually realized? ~brett

07-23-2002, 03:41 PM	#5
Mako8888 Registered User Join Date: May 2002 Posts: 9	They should be taxed, but not at the current 28% level (Fed + State). About half that figure would be right, so 14% should be the rate. It's funny that in this country we have a ZERO percent capital gain tax rate on profits recieved from your home, as long as you take the money and invest it in another house (primary residence) within 12 months. Proof to the democrats that taxation DOES hinder economic growth, and in this case of ZERO TAXES, spurs tremendous growth.