Raise the Capital Gains Rate

[Mott the Hoople]

I've been saying this for a long time. With some modest entitlement reforms, mostly to medicare/medicaid, allow the Bush era tax cuts to expire across the board (we'd still have historically low tax rates) and raise the long term capital gains tax to 20% we could pretty much eliminate the deficit with out a whole lot of pain for anyone and without harming our economy.

http://finance.yahoo.com/blogs/daily-ticker/obama-wins-2012-election-why-taxes-going-182808294.html

 

[The Dude]

All the facist aren't republican. Just a wild guess, your capital gains are as tiny as Ohio states chances of shutting out. Alabama.

 

[Airstrip One]

On how much money, Mott? Right now, I'm kind of all for spite-taxing my fellow citizens, but I don't want to be directly impacted by any of these new taxes. We should jack up the income taxes on the upper-10% of earners to 45% As for capital gains, perhaps we could jack those up, provided it doesn't hurt the middle class very much.

 

[Guns Guns Guns]

What was the capital gains tax rate in 1999?

Didn't we have a surplus then?

 

[PostmodernProphet]

we could pretty much eliminate the deficit

you really suck at math....a 5% increase in capital gains rates comes nowhere near eliminating a trillion plus dollars a year deficit......

 

[Airstrip One]

What happens when we have so much accumulated debt, that we cannot even afford to make annual payments on the interest?

 

[The Dude]

Here is the plan. Go over the cliff.
Reinstate all but the top bush tax cuts.

 

[Guns Guns Guns]

A large number of the Forbes 400 inherited their wealth. Many others on the list, people who started companies that they’ve since left, are classified by Forbes as investors.


​

This investor class is doing very, very well.


In the last year alone, the cumulative net worth of the wealthiest 400 people, by Forbes’s calculation, rose by $200 billion. That compares with a 4 percent drop in median household income last year, according to the Census Bureau.



It’s also hard to find much evidence that cutting taxes on investment income has led to much economic growth.


In the 1980s, for instance, Ronald Reagan actually raised taxes on investment income and the economy did very, very well.


George W. Bush’s capital gains cuts, however, did not lead to such a strong economy.

Since ordinary income is taxed at rates up to 35 percent while long-term capital gains are taxed at a maximum rate of 15 percent, there is a 20 percent reward for every dollar that can be transformed from high-tax compensation to low tax capital gains.


If you’re not willing to raise the capital gains rate you probably can’t achieve base-broadening, rate-lowering tax reform that doesn’t increase taxes on the middle class.



http://www.washingtonpost.com/blogs.../the-case-for-raising-taxes-on-capital-gains/

 

[The Dude]

Facist

 

[PostmodernProphet]

What happens when we have so much accumulated debt, that we cannot even afford to make annual payments on the interest?

we ask the EU to bail us out......

 

[evince]

when your family needs to pay a bill due who pays it?

the family member with the money to pay the bill.

Not the baby who has no money, not the teenager who has a 100 savings bond and xmas and birthday money, not grandma who is on SS, not the Hubby who works part time and spends most of his income at the grocery store.


The one who pays the bill is the top family income earner.


As a family you dont fight about the baby not paying anything and you dont attack grandma for being a leach.

This is an American family we have.

The top income earner staps up to the plate proudly and with the respect of the rest of the family behind them.


WHY is part of this American family so ready to just walk away from the kids, grandma and the spouse?

they need to be part of the family again and help make sure this bill is paid.

 

[The Dude]

Raise all taxes on those over 250,00. End the war, free college for those under 100,000.

 

[Airstrip One]

when your family needs to pay a bill due who pays it?

the family member with the money to pay the bill.

Not the baby who has no money, not the teenager who has a 100 savings bond and xmas and birthday money, not grandma who is on SS, not the Hubby who works part time and spends most of his income at the grocery store.


The one who pays the bill is the top family income earner.


As a family you dont fight about the baby not paying anything and you dont attack grandma for being a leach.

This is an American family we have.

The top income earner staps up to the plate proudly and with the respect of the rest of the family behind them.


WHY is part of this American family so ready to just walk away from the kids, grandma and the spouse?

they need to be part of the family again and help make sure this bill is paid.

We're not a family, Desh. Families do not eat their young.

 

[Guns Guns Guns]

Why not raise taxes on the rich and reduce the deficit?

 

[PostmodernProphet]

when your family needs to pay a bill due who pays it?

the family member with the money to pay the bill.

Not the baby who has no money, not the teenager who has a 100 savings bond and xmas and birthday money, not grandma who is on SS, not the Hubby who works part time and spends most of his income at the grocery store.


The one who pays the bill is the top family income earner.


As a family you dont fight about the baby not paying anything and you dont attack grandma for being a leach.

This is an American family we have.

The top income earner staps up to the plate proudly and with the respect of the rest of the family behind them.


WHY is part of this American family so ready to just walk away from the kids, grandma and the spouse?

they need to be part of the family again and help make sure this bill is paid.

daddy says, "get a job"......

 

[USFREEDOM911]

Since the cry is to raise taxes on Capital Gains, what happens when the ones you want to tax make sure they have no Capital Gains?

 

[Guns Guns Guns]

Since the cry is to raise taxes on Capital Gains, what happens when the ones you want to tax make sure they have no Capital Gains?

When would that happen?

Has it happened before?

 

[Cancel 2018. 3]

when your family needs to pay a bill due who pays it?

the family member with the money to pay the bill.

Not the baby who has no money, not the teenager who has a 100 savings bond and xmas and birthday money, not grandma who is on SS, not the Hubby who works part time and spends most of his income at the grocery store.


The one who pays the bill is the top family income earner.


As a family you dont fight about the baby not paying anything and you dont attack grandma for being a leach.

This is an American family we have.

The top income earner staps up to the plate proudly and with the respect of the rest of the family behind them.


WHY is part of this American family so ready to just walk away from the kids, grandma and the spouse?

they need to be part of the family again and help make sure this bill is paid.

they are

 

[Cancel 2018. 3]

Since the cry is to raise taxes on Capital Gains, what happens when the ones you want to tax make sure they have no Capital Gains?

that is not going to happen. did people not have capital gains under clinton?

i agree with mott, except i would not touch taxes for those making under 250K.

 

[USFREEDOM911]

that is not going to happen. did people not have capital gains under clinton?

i agree with mott, except i would not touch taxes for those making under 250K.

I just happened what would happen if this occurs.
Where would the expected monies come from then?