U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-18-2011, 08:48 AM
 
Location: Portland, Oregon
7,091 posts, read 10,521,426 times
Reputation: 4105

Advertisements

Quote:
Originally Posted by VTHokieFan View Post
It's an apple to oranges comparison, there were many ways you could avoid the top income tax bracket.
Like? Do write offs no longer exist today?

Might want to tell the IRS that, they have many on the book.
Reply With Quote Quick reply to this message

 
Old 11-18-2011, 08:54 AM
 
69,372 posts, read 53,850,424 times
Reputation: 9358
Quote:
Originally Posted by subsound View Post
The top income tax rate was 50% or above from WW2 to 1986.

Wasn't the post war period when we paid off all that debt and had massive economic expansion?
The income tax rate was far higher than it is now, and yet the amount of tax revenues as a % of GDP is pretty much the same as it is today. The difference of course being that government wasnt SPENDING and borrowing during those periods more than the amount they were receiving.
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 08:54 AM
 
12,439 posts, read 10,000,954 times
Reputation: 3129
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?

Sounds good. Have you been drinking?
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 08:58 AM
 
3,458 posts, read 3,007,385 times
Reputation: 1532
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
50% seems a bit high

i'd be happy if they just set capital gains rates = to rates on wages, and stopped trying to pretend folks with investment income are some kind of "magical job creators".
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 09:02 AM
 
Location: Dallas, TX
31,777 posts, read 24,127,422 times
Reputation: 12105
Quote:
Originally Posted by Mr. Mon View Post
How about just taxing capital gains at the same rate as actual earned income?
This.
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 09:54 AM
 
29,988 posts, read 36,022,942 times
Reputation: 12726
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
Why do you want to discourage investment? To what ends?

Wasn't Obama against the current Captial Gains rate until he changed his mind and signed it into law?

More class warfare koolaid.
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 10:03 AM
 
12,439 posts, read 10,000,954 times
Reputation: 3129
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
50% seems a bit high

i'd be happy if they just set capital gains rates = to rates on wages, and stopped trying to pretend folks with investment income are some kind of "magical job creators".
There are those that will say this will stop investment, which is hogwash. The very rich will either have to stuff their money in mattresses or the will have to invest. Those are the only two choices.
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 10:10 AM
 
19,503 posts, read 13,275,240 times
Reputation: 4891
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
Why? This smacks of retribution due to envy.

How about we just make it illegal for any corporation or business anyone to earn over $250,000 profit or personal income in a year? Happy now?
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 10:12 AM
 
19,503 posts, read 13,275,240 times
Reputation: 4891
Quote:
Originally Posted by hotair2 View Post
There are those that will say this will stop investment, which is hogwash. The very rich will either have to stuff their money in mattresses or the will have to invest. Those are the only two choices.
Cool, and then we can tax the people benefiting from all the increased investment income from people trying to hide their money from the greedy government. I smell a win-win for government here.
Reply With Quote Quick reply to this message
 
Old 11-18-2011, 10:31 AM
 
Location: Portland, OR
8,803 posts, read 7,331,993 times
Reputation: 4496
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
50% seems a bit high

i'd be happy if they just set capital gains rates = to rates on wages, and stopped trying to pretend folks with investment income are some kind of "magical job creators".
That's not high at all. The rich can afford it right?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top