Why capital gains should be taxed as income.

Darla said:
I'm sorry you didn't understand the answer. Do you need me to make another video slowly explaining it to you?
Click to expand...

you gave an answer... but it was not to the question he asked. That doesn't make your comment right or wrong, it does however mean you didn't answer his question.
 
Darla said:
I'm sorry you didn't understand the answer. Do you need me to make another video slowly explaining it to you?
Click to expand...

Your first paragraph had nothing to do with the question asked. And who is arguing that (certain) large businesses don't have the money to hire?

You say you believe all capital gains should be taxed as income but don't explain why or even address the breakdown of primary and secondary investments that was in the question.
 
cawacko said:
Your first paragraph had nothing to do with the question asked. And who is arguing that (certain) large businesses don't have the money to hire?

You say you believe all capital gains should be taxed as income but don't explain why or even address the breakdown of primary and secondary investments that was in the question.
Click to expand...

but she typed words on the screen... that totally means she answered the question
 
Superfreak said:
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.
Click to expand...

For the sake of discussion let's say they leave the corporate rate as is. Would you see raising the cap gains rate as revenue neutral so as to lower the marginal rate? Or would preference be keeping marginal rates where they are while raising cap gains rate to them?
 
Poor people aren't good at economics!
And thus they don't have much experience in how good capital gains really are!
They rock
 
cawacko said:
For the sake of discussion let's say they leave the corporate rate as is. Would you see raising the cap gains rate as revenue neutral so as to lower the marginal rate? Or would preference be keeping marginal rates where they are while raising cap gains rate to them?
Click to expand...

I think raising the marginal rates is by and large a smoke screen to convince the populace they are going after those 'evil' successful rich people. Raising the cap gains would eliminate a major tax break for the wealthy. They could drop the top marginal rate back to Bush levels, increase the taxation of cap gains to ordinary income levels and it would be a net positive for revenues.

It is in my opinion, the cap gains taxation rates that allow the Buffets of the world to pay lower effective tax rates than his secretary.
 
That said, if you tax the corporation AND you tax the cap gains that come out... it is double taxation. Which is why the break is there to begin with. To offset some of that.
 
Superfreak said:
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.
Click to expand...

bump this for Rune
 
Rune said:
Honestly If you want to lower earned income tax rate to capital gains tax rate I would be happy. You don't know me.
Click to expand...
Thats not what I said. Cap gains should be taxed lower so as to attract investment domestically. The current ratio is reasonable but if you want to dial them both back thats even better. Of course Idont know you but I can read wnat you type.
 
Celticguy said:
Thats not what I said. Cap gains should be taxed lower so as to attract investment domestically. The current ratio is reasonable but if you want to dial them both back thats even better. Of course Idont know you but I can read wnat you type.
Click to expand...

How many more years should we try that, and when is it supposed to start working?
 
Celticguy said:
Just be honest, all you want is more tax money and you dont care how.
We are taxed enough already.
Click to expand...

I can read your words too. They tell what you think I want.
1. You think I am being dishonest (Just be honest)
2. You think I want more tax money ( I want parity)
3. You think I don't care how.

4. Clearly we are not taxed enough already or there wouldn't be a deficit, and we wouldn't be cutting food stamps during a time of historically high unemployment.
 
cawacko said:
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?
Click to expand...
Well in the past that is why we had such tax rates for the very wealthy. That exception was intended to create a use it or lose situation for businesses that kept money in circulation. Money is of little value to an economy if it is not used.
 
Superfreak said:
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.
Click to expand...
It is demand which creates jobs. I never knew a businessman who made capital investments because they got a tax break. They make those investments to meet increased demand and to grow their business. Tax breaks incentivize them to do so and that is good but the demand still has to be there.
 
The Dude said:
Poor people aren't good at economics!
And thus they don't have much experience in how good capital gains really are!
They rock
Click to expand...
I have mixed feelings about that. Why is invested income of greater value than productive income or labor?

Having said that most of my retirement income, under our current system, will be taxed at the long term capital gains rate and not the marginal tax rate and since that is significantly lower... I'm all for that. :)
 
You must log in or register to reply here.
Back
Top