Tue Jan 24, 2012, 03:08 PM
itsrobert (10,874 posts)
11 replies, 1622 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Joe Walsh on MSNBC says he's for a 0 percent Capital Gains tax (Original post)
|Gidney N Cloyd||Jan 2012||#7|
Response to provis99 (Reply #10)
Tue Jan 24, 2012, 05:44 PM
KharmaTrain (31,706 posts)
11. I'm Talking Pensioners...People On Limited And Fixed Incomes.
I'm on record here for wanting to have a graduated captial gains rate...15% or even less for those who earn $100k a year or less...and then upwards to 20% at 250k, 25% at 500k and 30% or higher for those with 1 million or more a year in adjusted income. So under my Mittens would pay a lot more than he is right now while those on with fixed incomes wouldn't suffer...
Response to itsrobert (Original post)
Tue Jan 24, 2012, 04:32 PM
WCGreen (45,558 posts)
5. But yea, investing is much more valuable than work....
I had this same kind of argument when I became a tax preparer back in 1986.
I argued with the partners in the CPA firm I worked with saying that money is money.
They countered back with the risk factor and I said well the sky is the limit for gains so why should they be awarded more for potentially getting more...