Wed Sep 26, 2012, 10:31 PM

why the rich want to elminate capital gains tax

whats wrong with elminating the capital gains tax=Romney paid 14% on his taxes in capital gains tax=nothing in income tax! he made 13,696,951; a few years ago he would have paid 3,835,146;a few yrs before that 5 million -the right wants to elminate the capital gains tax-that means you the worker have to pick up the void! think about that!!! think hard!! because they have shifted the tax burden by 40% to you in the last 10 years!
vote your pocket book=it ain't "alec" or the heritage foundation picking up the slack! its you and me while the big boys skate!
my off shore account is "0" WHATS YOURS?

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3 replies	Author	Time	Post
why the rich want to elminate capital gains tax (Original post)	luckyleftyme2	Sep 2012	OP
I like progressive capital gains.	aquart	Sep 2012	#1
It's long been my opinion that...	moose65	Sep 2012	#2
exactly	luckyleftyme2	Sep 2012	#3

Response to luckyleftyme2 (Original post)

Wed Sep 26, 2012, 10:37 PM

aquart (67,508 posts)

1. I like progressive capital gains.

You pay less for a long held stock and a whole lot for a quick turnaround.

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Response to luckyleftyme2 (Original post)

Thu Sep 27, 2012, 12:04 AM

moose65 (538 posts)

2. It's long been my opinion that...

the Republicans really don't give a shit about the individual income tax rates. What they REALLY care about is the capital gains tax rate. Oh, they make a lot of noise about income tax rates, but it's just to hide their true agenda... lowering the capital gains rate or eliminating it entirely. That's what they really want, so that ultra-wealthy people like Romney end up paying virtually nothing in taxes.

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Response to moose65 (Reply #2)

Thu Sep 27, 2012, 06:57 AM

luckyleftyme2 (3,636 posts)

3. exactly

yes moose you nailed it. The tax burden has shifted to the working class over the last 20 years. lowering the capital gains tax has given the ultra rich a windfall which many have used to start offshore accounts and invest in overseas companies;this has hurt our economy and contributed to job loss!

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