Recent content by PeteG2

To Ivanovich (Moderator): The truth is that you are offended by my well-reasoned arguments that challenge your beliefs even though my ideas are aimed at bringing about policies for the good of the nation. You censor a link to my website that explains my ideas in detail. You call my link to...

TO Specterx: You seem to have missed much of the thread. I do not propose a direct tax on unrealized capital gains. As you note it would be impractical since to be fair it would mean tax breaks for unrealized losses. That would cause massive unpredictable swings in tax revenue, depending...

To Someyoungguy: I too believe in capitalism. I believe everyone does best when market forces are allowed to work. I believe that our governments should spend less, but even so we will need to raise taxes. I believe that the most talented and hard working should do better financially...

Thanks for looking over the site. I really appreciate it.: http://elitetrader.com I never claim the fortune was earned tax-free. The money they are making off of it NOW is a nearly tax free 130,000 (at a 4% tax rate) vs $73,000 for the working class Smiths taxed at 28% Your point about...

From the replies I got here I can only conclude that just about everyone responding is either unwilling or unable as an investor to compete economically with middle-class workers on an even playing field. The original article was alarmed at investors possibly having to pay the same tax rates...

To EMR Global: All household net worth over about $500,000 would be taxed at 1-2%. So moving money out of the stock market would do an investor no good. To Ghost: In the original post I say it id impractical to tax unrealized gains. For one thing the tax revenue would swing wildly form year...

The economic health of the country does not show up on the NASDAQ chart. In 1993 under President Clinton, taxes on upper incomes were increased. Many Republican congressmen predicted this would lead to a recession, "kill jobs," and so increase the federal deficit. There are many influences...

Guess what? The proposal is to tax dividends for the top earners just like bank interest and work are taxed. This is a step in the right direction, but how about taxing unrealized capital gains, the biggest money-maker for the wealthy investing class? Right now they are taxed at 0%. (If you...