Let's raise Capital Gains to 50% for all gains above $250,000 (solution, economy, federal government)

[subsound]

Originally Posted by VTHokieFan

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.

[pghquest]

Originally Posted by subsound

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.

[hotair2]

Originally Posted by VTHokieFan

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?

[Cletus Awreetus-Awrightus]

Originally Posted by VTHokieFan

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".

[EinsteinsGhost]

Originally Posted by Mr. Mon

How about just taxing capital gains at the same rate as actual earned income?

This.

[lifelongMOgal]

Originally Posted by VTHokieFan

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.

[hotair2]

Originally Posted by Cletus Awreetus-Awrightus

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.

[Wapasha]

Originally Posted by VTHokieFan

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?

[Wapasha]

Originally Posted by hotair2

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.

[VTHokieFan]

Originally Posted by Cletus Awreetus-Awrightus

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?