In response to:

Let the Real Fat Cats Pay Their Fair Share

Doug3370 Wrote: Dec 13, 2012 4:34 PM
If I wrote the rules on capital gains, all cap gains would be indexed for inflation. If you stood still while the value of the dollar halved, and then sold a stock, you'd get a 50% deduction. If you doubled your money in a year, you'd pay taxes on the 97 percent or whatever of your gains that were real and not a mirage due to inflation.
canetoad Wrote: Dec 13, 2012 6:55 PM
A recipe to make a complicated system even more complicated. Keep the existing exemptions but treat all other capital gains as ordinary income. It really is the only fair treatment of unearned income. Otherwise continue to watch as wealth keeps trickling up.
Scrap Iron in Texas Wrote: Dec 13, 2012 7:09 PM
Of course you realize that most capital gains are earned by people of modest means.
If you have a 401k, invested in a mutual fund, you are earning capital gains.
You seem so intent on punishing the "evil rich", but all you do is punish those many who are doing their best to get ahead (or stay ahead in their twilight years).

And THAT is why the Fair Tax (HR 25) is a superior way to fund the federal government.

Or do you ENJOY living with a system of taxation that is used by politicians to either reward or punish the citizens?

Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president's earlier warning that, "at a certain point you've made enough money."

Could both zillionaires simply have quit making money at $10 million -- and thereby given their poorer audiences a break on ticket prices?

With all the talk of raising taxes on the supposedly conservative wannabes who make $250,000 per year, why not additionally levy a $3 surcharge on discretionary tickets for...