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Fair enough, though I think that we have strayed from the topic of taxes on capital gains on startups or investments in startups or whatever it is that Obama is
by lanceweatherby 18y ago
Fair enough, though I think that we have strayed from the topic of taxes on capital gains on startups or investments in startups or whatever it is that Obama is proposing.
My point was, however poorly made with the Gates example, that I doubt that the thought, other loopholes aside, is to eliminate capital gains tax for people that are deemed to be "rich".
Regardless, I am all for any tax incentive that provides incentives for anyone to start or invest in a startup.
- anamax 18y ago> My point was, however poorly made with the Gates example, that I doubt that the thought, other loopholes aside, is to eliminate capital gains tax for people that are deemed to be "rich". I think that it's silly to consider "the thought". We should look at where we actually are and what is likely to actually happen if we make proposed changes. Part of "where we actually are" is that the very rich don't pay estate taxes and can work around cap gains taxes, so evaluating cap gains proposals based on their effects on the very rich is silly. Instead, we should look at people who are actually paying cap gains (and estate taxes for that matter).