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Taxing capital gains at nark-to-market values, with a flat rate (maybe 20-25%) and without exemptions or deductibles would go a long way towards fiscal equity.
by occamrazor 5y ago
Taxing capital gains at nark-to-market values, with a flat rate (maybe 20-25%) and without exemptions or deductibles would go a long way towards fiscal equity.
- watertom 5y agoThe concept of “capital gains” in the U.S. is a joke, unless you buy stock directly from the company, or buy when the company goes public, there is no capital investment. Once the company sells stock to the public, further purchase or sale of stock is nothing more than buying/selling goods. When I buy stock on the stock market the company doesn’t get the money, the person who sells me the stock gets the money, and that’s not capital investment. Sale of stock should be taxed at each states tax rate, because it’s the buying and selling of a good, it’s not capital investment.
- lotsofpulp 5y agoCapital gain is defined as an increase in the price of any capital asset, not just publicly traded stocks. https://www.investopedia.com/terms/c/capitalasset.asp https://www.investopedia.com/terms/c/capitalasset.asp
- djbebs 5y agoYou know what would go a long way towards fiscal equity? Cutting taxes on the richest to 1/6th of what they currently are. It's not the rich that arent paying their fair share here.
- thatswrong0 5y agoYep it's definitely those damn poor people who aren't pulling their weight