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Reply #9: I don't think that is what is meant. [View All]

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bornskeptic Donating Member (951 posts) Send PM | Profile | Ignore Wed Aug-31-11 10:42 AM
Response to Reply #4
9. I don't think that is what is meant.
I could be wrong, but I suspect that Huntsman is advocating eliminating the separate lower rates for dividends and capital gains. Your interpretation would contradict the claim that he wants to eliminate all loopholes. I suppose we'll have to wait for the speech to know for sure.
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  -The Hill: Huntsman to unveil sweeping tax reform flpoljunkie  Aug-31-11 09:39 AM   #0 
  - If it really did eliminate loopholes, deductions, and exemptions, I think I would like it.  Township75   Aug-31-11 09:44 AM   #1 
  - You want them to eliminate taxes on capital gains?  frazzled   Aug-31-11 10:04 AM   #4 
  - I don't think that is what is meant.  bornskeptic   Aug-31-11 10:42 AM   #9 
     - It seems that it is what it means  karynnj   Aug-31-11 11:15 AM   #13 
     - Thanks for the link. Deplore their insistence on tax reform being 'revenue neutral.'  flpoljunkie   Aug-31-11 12:16 PM   #17 
     - Not to mention, revenue neutral may not be revenue neutral  karynnj   Aug-31-11 02:06 PM   #22 
     - You're right about the LA Times article, but this from Bloomberg says the opposite:  bornskeptic   Aug-31-11 12:40 PM   #20 
        - Thanks - that means no one really knows  karynnj   Aug-31-11 02:03 PM   #21 
     - I believe Huntsman means exactly that. Eliminate both dividend and capital gains taxes.  flpoljunkie   Aug-31-11 12:14 PM   #16 
     - "The Huntsman plan would also eliminate capital gains and dividend taxes"  frazzled   Aug-31-11 12:26 PM   #18 
  - maybe not after Bush  hfojvt   Aug-31-11 10:09 AM   #5 
  - The problem is the definition of income is changed to exclude capital gains and dividends  karynnj   Aug-31-11 11:10 AM   #11 
  - If it got rid of all deductions and exemptions, taxes on lower income people would rise drastically.  Zynx   Aug-31-11 02:58 PM   #23 
  - when I read about that, I quote myself  hfojvt   Aug-31-11 09:54 AM   #2 
  - Huntsman seems to be a pretty decebt guy, EXCEPT  Inuca   Aug-31-11 09:54 AM   #3 
  - ginormous tax cuts for the rich sound "sensible" to you?  hfojvt   Aug-31-11 10:16 AM   #6 
     - I actually mostly agree with you  Inuca   Aug-31-11 11:11 AM   #12 
  - Sounds quite similiar  whosinpower   Aug-31-11 10:17 AM   #7 
  - The debt deal and the gang of 6 have nothing to do with each other  karynnj   Aug-31-11 11:19 AM   #14 
  - In order to win the GOP Primary  Turbineguy   Aug-31-11 10:21 AM   #8 
  - This is all I need to know - to reject it as reasonable  karynnj   Aug-31-11 11:06 AM   #10 
     - they would still argue that it is  hfojvt   Aug-31-11 12:14 PM   #15 
        - Thanks for your journal link and the stats.  flpoljunkie   Aug-31-11 12:31 PM   #19 
 

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