In response to:

The Right Capital Gains Tax Rate Is Zero

John148 Wrote: Apr 15, 2012 10:38 AM
"But the tax only applies on the gain if you sell the asset." - at which point, if I've sold for a profit, I *have* realized income from the sale and it should be taxed at the same rate as any other income I acquire. I'm really more in favor of the Fair Tax but if you are going to tax income, then it should be taxed equally regardless of where it comes from and this argument that it is not "income" is a load of semantic BS.
Louie13 Wrote: Apr 15, 2012 2:05 PM
John, capital gain from inflation is not real income. It can actually be a loss in disguise.
CapitaLost Wrote: Apr 15, 2012 9:09 PM
HEAR HEAR - somebody finally gets it.

The silly debate about the “Buffett Rule” is really an argument about the extent to which there should be more double taxation of income that is saved and invested.

Politicians conveniently forget that dividends and capital gains get hit by the corporate income tax. And since America now has the developed world’s highest corporate income tax rate, it’s adding insult to injury to tax the income again. Actually, it’s adding injury to injury!

No wonder

Related Tags: Capital Gains Tax Tax