Originally Posted by cutthemdown
Answer this. Should capital gains tax be less then income tax?
Remember the house you sell for a profit could have went down in value. The stock could have crashed. The business you didn't build could have went under. So when these people make money remember they could have lost money.
So should capital gains be raised? Maybe a smart move would be to target just the CEO's taking stock options instead of pay, for companies whose stock is already worth a lot of money. IMO start ups are different. You people realize sometimes a software engineer, etc will work for next to nothing hoping the stock option he is paid in become worth millions. But it doesn't always work out.
So many varibles to different investments and dollars that come through capital gains. it will take a sharp knife making minute adjustments to it, or you risk really screwing some Americans who didn't deserve it.
The CEO's you liberals are pissed at make up a very small % of people who pay capital gains. Even guys who may go a few yrs with little income working on a big project. Then when payoff comes they make millions. Still though they deserve a lower rate. That **** is risky.
The landscape littered with investors who lost it all. it's a joke that people think capital gains should go up. 15% is plenty high.
I think you overstate the risk and understate who benefits from CG. You can count all of the top earners and anyone who has a 401k amongst that group.
The top earners pay even less than 15% if they are invested correctly.....and make use of offshore tax havens/schemes.
As for risk, it's only a problem when you sell prematurely. During the crash, millions dumped stocks in a panic, the 'investors' stood pat and bought on the uptick.
It's a pattern that repeats itself frequently, only this time, the losses were great for those who sold, and the profits huge for those who bought.
The rich got much richer. It's time they paid their share of the burden that fell on the rest of the country, instead of moving billions offshore to avoid paying taxes.