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Right now they don't pay enough. You're suggesting (sarcastically) that the solution is they should pay too much. It's really not that difficult to find middle ground, and set capital gains the same rate as wages.
You didnt for a second ever think that wage taxes are TOO HIGH, did you?
No, keep the tax at the current 15% rate. I'm unemployede now and I'm trying to make money in stocks too. If my profits were taxed 50% I'd consider investing not worth my time and risk.
They should find other ways to tax the rich more, but not through stock profits. There are lots of small time investors too, like me!
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
The first thing is 250K is not rich trust me on that if someone makes 20K a person that is making 80K looks rich. Now being a landlord when I buy a rental property to rent I take into account my exit strategy and that is where capital gains comes in. If you have a house that you estimate will be worth 150k in 5 years when you want to sell that loss in capital gains will need to be made up in that 5 years so you have to raise the rent.
Not sure you understand how to invest in rental property but the more I get taxed the more I have to pass on to the end user and that is with every business. So how is that helping that guy that only makes 50k
No, keep the tax at the current 15% rate. I'm unemployede now and I'm trying to make money in stocks too. If my profits were taxed 50% I'd consider investing not worth my time and risk.
They should find other ways to tax the rich more, but not through stock profits. There are lots of small time investors too, like me!
Well he said gains ABOVE 250K. I am assuming everything below that would be at 15%. Is it still not worth your time?
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.
Or just put it in a savings account. Why take the risk with an investment if the gvmt is going to take 1/2 the profit.
The first thing is 250K is not rich trust me on that if someone makes 20K a person that is making 80K looks rich. Now being a landlord when I buy a rental property to rent I take into account my exit strategy and that is where capital gains comes in. If you have a house that you estimate will be worth 150k in 5 years when you want to sell that loss in capital gains will need to be made up in that 5 years so you have to raise the rent.
Not sure you understand how to invest in rental property but the more I get taxed the more I have to pass on to the end user and that is with every business. So how is that helping that guy that only makes 50k
Or worse, you cant raise rents because the market dosnt have room for it. So you dont even bother buying it in the first place.
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.
Or 3 invest Overseas
Do you have any idea on how to invest, investing is not making someone else pay your way
Well, $250,000 is too low of a number if you're going to have excessive rates like that. Bump is up to $750,000 so you capture the rich, and not the middle class in some areas.
But the real question is why have progressive taxes? Encourage short-term risky investments by flattening out the tax rates. Keep the money flowing faster... rather than slower in long-term investments.
The thoughts is that we'd end up with a bunch of rich people not cashing in their gains and rolling them over, thus you'd get ZERO tax revenues
The capital gains rate used to be 39.9% and it didn't do anything like what you predict. I don't know what you mean by "roll over" but once you sell a stock, even if you buy another stock, you pay taxes on the gains of the first.
Anyway, everybody can have their own theories but what do the people who study this say?
Cutting capital gains rates reduces revenues over the long run. That’s the conclusion of the federal government’s official revenue-estimating agencies, as well as outside experts and the Bush Administration’s own Treasury Department.
AND
While a capital gains tax cut can lead investors to rush to “cash in” their capital gains when the lower rate first takes effect, it does not raise revenue over the long run.
AND
Middle-income families derive only a miniscule benefit from the 2003 cuts in capital gains and dividends.
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