In response to:

Capital Gains Taxes

Jack2894 Wrote: Oct 03, 2012 10:15 AM
All income should be taxed the same way. WHy should the government give special treatment to income generated in a more risky enterprise. The upside of a riskier investment is not lower taxes, its higher returns. If I buy a lottery ticket and win a million bucks, it's just income, even though my chances of losing my dollar investment were really high. Tax all incoem the same and make everyone pay the same percent in FICA. Then we will be in a position where the tax landscape is even.
Ron4594 Wrote: Oct 03, 2012 11:34 AM
How about this:

Repeal every tax, fee charge, etc in existence, and replace them with a single, direct, individual tax levied on living persons, for each level of government: One Tax and Done.
Ron4594 Wrote: Oct 03, 2012 11:28 AM
arpiem Wrote: Oct 03, 2012 10:20 AM
Yep. Because of people who think as you do we all pay more for everything. That concept never seems to sink into the skulls of liberals. If you currently don't have a job, it's largely because of obama's anti-business regulations and threats to raise taxes on the rich, who are already paying more than their fair share.
Doug5049 Wrote: Oct 03, 2012 10:17 AM
There should be no income tax. The country did fine for over a century without it.

One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate.

How are capital gains different from ordinary income?

Ordinary income is usually guaranteed. If you work a certain amount of time, you are legally entitled to the pay that you were offered when you took the job. Capital gains involve risk. They are not guaranteed. You can invest your money and lose it all. Moreover, the year...