This is Robert Reich original idea, and quote. "It's time we eliminated the corporate income tax and made up the shortfall by increasing capital gains taxes. H

This is Robert Reich original idea, and quote. "It's time we eliminated the corporate income tax and made up the shortfall by increasing capital gains taxes. Here's the logic: First, the corporate income tax favors big companies that are able to shift their income abroad and engage in other tax-avoidance activities, while harming small companies that can't do any of this and therefore suffer a competitive disadvantage. Yet small companies are the engines of job growth in America. Second, the people who actually pay the corporate income tax should properly be the company's shareholders, who are the legal owners of the company and who benefit from increases in its income. But in many cases, depending on the structure of the market, a significant share of the actual burden of paying the corporate income tax is often borne instead by employees in the form of lower wages, or consumers in the form of higher prices." It sounds like a good idea, but capital gains are already high. My aunt lives in a house she bought for $25,000 in the 70's. She is far from well off. It's a crime what she's going to pay on capital gains if she sells her house. Yea, I know about the ways around the tax, but they have downsides. I'd be for this, if capital gains were tied to income. Maybe tied to the average income over the last 10 years? Right now it's the same rate for a billionaire, and the old lady surviving on social security. My aunt is taking the same percentage tax hit on the sale of her investment as the billionaire?