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Why Tax Capital Gains?

Noah42 Wrote: Apr 14, 2012 6:53 AM
If there were no capital gains tax then corporations would minimize dividend payments so that stockholders would pay less in taxes (Buffet does this already). And why should a stock flipper be able to avoid taxation on gains? Or are you proposing a new set of rules to decide who is and who isn't a "trader"?
James R.6 Wrote: Apr 14, 2012 7:34 AM
What about the billion in back taxes buffet owes ? Talk about a hypocrite, his mantra that his secretary pays more in taxes than he does. He needs to be arrested for tax evasion. and locked up !!
Seawolf Wrote: Apr 14, 2012 7:18 AM
If they minimize dividends too much, no-one will buy the stock, investment should never be taxed, it was taxed once already when it was earned. providing capital so others can build businesses creates jobs, something the kenyan moron doesn't understand.

Income tax time is an appropriate moment to go to the heart of President Obama’s complaint about the taxes Warren Buffett and other rich people pay, or don’t pay. What the president is really complaining about is that the tax rate on capital gains is too low.

But there is a more basic question to be asked: why tax capital gains at all?

Did you know that the term "capital gains" does not even appear in the official income accounts for the U.S. economy? That’s right. No matter how high stock prices climb, they do not affect the official reckoning of...