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Reply #27: Capital gains need to be taxed more. [View All]

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ZenaD Donating Member (194 posts) Send PM | Profile | Ignore Sun Nov-27-11 04:57 PM
Response to Original message
27. Capital gains need to be taxed more.
Warren Buffet put it best when he explained how his secretary has a higher rate than he does.
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  -Raise taxes Angry Dragon  Nov-27-11 12:45 PM   #0 
  - 42%  ThomWV   Nov-27-11 12:48 PM   #1 
  - And no loopholes! nt  MADem   Nov-27-11 12:48 PM   #2 
  - Could you expand on that??  Angry Dragon   Nov-27-11 12:58 PM   #4 
     - Anything that reduces one's taxes to LEONA HELMSLEY  MADem   Nov-27-11 01:06 PM   #5 
        - Maybe it is just me but  Angry Dragon   Nov-27-11 01:10 PM   #6 
           - How much are you making?  MADem   Nov-27-11 01:15 PM   #7 
              - Less than you  Angry Dragon   Nov-27-11 01:18 PM   #10 
                 - No--I meant generically "How much are (the generic you) making to cause an  MADem   Nov-27-11 01:34 PM   #13 
                    - I agree if the mortagage deduction was eliminated it  Angry Dragon   Nov-27-11 01:38 PM   #15 
  - Self Delete  Rebubula   Nov-28-11 09:55 AM   #30 
  - No problem with 70% + for those in the top .1 - .5%  geckosfeet   Nov-27-11 12:56 PM   #3 
  - People will leave in droves if you go that high.  MADem   Nov-27-11 01:16 PM   #8 
     - And this would be a bad thing??  Angry Dragon   Nov-27-11 01:23 PM   #11 
     - Well, economic flight of that sort has had a negative effect on other nations.  MADem   Nov-27-11 01:30 PM   #12 
        - The tax rates used to be 70% and above and we had a strong  Angry Dragon   Nov-27-11 01:34 PM   #14 
           - There were rock solid Swiss bank accounts back then.  MADem   Nov-27-11 01:38 PM   #16 
              - Any concrete loopholes you would close or reduce??  Angry Dragon   Nov-27-11 01:48 PM   #19 
                 - I just gave you one--the Lexus SUV that qualifies as farm equipment.  MADem   Nov-27-11 02:30 PM   #21 
                    - That is what I was looking for................ thank you  Angry Dragon   Nov-27-11 02:36 PM   #23 
     - That would certainly be novel, the last time they were that high we had record immigration  ThomWV   Nov-27-11 02:33 PM   #22 
     - Apples and oranges, Thom. Back then we didn't have electronic bank transfers.  MADem   Nov-27-11 02:59 PM   #25 
     - Anybody who can afford to leave that easily already has a residence in Dubai -  TBF   Nov-28-11 09:56 AM   #31 
  - 64% for top earners is where I think the sweet spot is but I also think we need bracket reform  TheKentuckian   Nov-27-11 01:17 PM   #9 
  - Doesn't Help  BKLawyer   Nov-27-11 01:41 PM   #17 
  - Then I say let's talk about them because no one in DC  Angry Dragon   Nov-27-11 01:44 PM   #18 
  - Lift the Cap  BKLawyer   Nov-27-11 04:54 PM   #26 
  - It works fucking great, I've seen it here in the 1960s. nt  bemildred   Nov-27-11 02:38 PM   #24 
  - You need confiscatory inheritance and gift taxes at the high end too. nt  bemildred   Nov-27-11 01:59 PM   #20 
  - Capital gains need to be taxed more.  ZenaD   Nov-27-11 04:57 PM   #27 
  - That is really the key - when you hear Repubs talking about George W being the best  TBF   Nov-28-11 09:58 AM   #32 
  - kick  Angry Dragon   Nov-28-11 09:46 AM   #28 
  - I Don't Think It's About The Rate So Much As Actually Making Them Pay  NeedleCast   Nov-28-11 09:50 AM   #29 

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