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> 2) Capital Gains tax: Income tax is progressive. Why not Capital Gains tax above 15%? What's your goal? During the campaign, Obama was asked if he'd raise t
by anamax 15y ago
> 2) Capital Gains tax: Income tax is progressive. Why not Capital Gains tax above 15%?
What's your goal?
During the campaign, Obama was asked if he'd raise the capital gains tax rate even if the result was less revenue. He said yes.
What is your answer to that question? What goal are you trying to accomplish with the capital gains tax?
And no, you don't get to assert that an unspecified "higher" rate or one with a different term would raise more money. You get to do the analysis. (I'm not claiming that the current rate is tax-revenue maximizing.)
Note that there might well be other goals. One is growing the economy. Another is "fairness". There is little chance that maximining more than one at a time is possible.