Why capital gains should be taxed as income.
- Thread starter Rune
- Start date
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The Almighty
All income should be taxed at the same level.
Airstrip One
Completely Effed
So we can fuck over the middle class.
Of course, thats keeping present deductions......lol
cawacko
Well-known member
What's your take on the argument that primary investments, such as one's in businesses, should continue to be taxed at lower rates because they help create jobs while secondary investments should taxed at marginal rates?
Honestly If you want to lower earned income tax rate to capital gains tax rate I would be happy. You don't know me.
That would be smoke and mirrors. Demand comes from the majority, the majority is poor, so the rich don't create jobs, it is just another excuse to take more of your money, that you fell for.
Of course you would. You are like the scarecrow on the Wizzard of Oz. If you only had a brain.
cawacko
Well-known member
Bumping for SF
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The Almighty
I think the money should be taxed at the same rate. Because the only way it is taxed in those primary investments is if the money is taken out in the form of dividends, capital gains or salary. So if they are taking money out... it should be taxed the same.
That said, it is one of the reasons I oppose the corporate tax code. As long as the money stays in the firm and is being used to build the company, then it should not be taxed year over year. As the money comes out via income, divs or cap gains... THEN it should be taxed... all at the same level.
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Darla
Gawd. The treatment of SF as he was the E.F. Hutton of JPP is hilarious. When Superfreak talks; I roll my eyes.
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The Almighty
Not true... jobs come from people (not just rich) who invest their own capital and take the risk to start a business. Google, Microsoft, Wal Mart, Apple etc... all of them began in such a manner. Without the investments of large investors either directly or through bank loans, hedge/VC funds etc...
As they have grown, they have continued adding jobs as they have expanded. Granted, as companies mature to the point that future expansion is not economically viable, they will stop adding jobs. Then their new goal is to maintain profitability and productivity.
Not sure how it is you think private sector job growth occurs... but would be interested in your counter points.
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The Almighty
1) yes, we get it, you are jealous of me
2) No one is acting in such a manner. He just knows that I am more than willing to share my opinion on economic/tax topics.
cawacko
Well-known member
I apologize for not asking your opinion as well. Darla, what's your take on the argument that primary investments, such as one's in businesses, should continue to be taxed at lower rates because they help create jobs while secondary investments should taxed at marginal rates?
Well, you know, ANYONE could be trained to do his job...
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Darla
My opinion of people who believe businesses aren't hiring because they don't have the money, is that they're morons. Corporations have been showing record profits during a time of historic economic inequality. But that's not enough proof for the slavish right wingers who hope their bosses will hear them loudly agreeing that the "job creators" shouldn't pay taxes and dream that they'll proceed to go out with the other "job creators' and talk about that smart fella in accounting rather than laugh their asses off at another useful idiot.
Capital gains should be taxed as what they are; income.
Anything else?
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The Almighty
this is why you don't get asked. You didn't address his question. You just spouted off some nonsense you heard once from a left wing nut.