Quote from indahook:
Your income is taxed. Then those dollars left over that you wish to invest with are taxed if you have the audacity to make gains.
The bottom line for cap gains taxes is you are being penalized for investing in the future of America.
Hmmm..a portion of our hard earned gains(and we know how hard it really is) redistributed to other parties. Sounds more Socialist than Capitalist when I put it that way.....hmmm
By the same logic, any tax, such as one on wages earned, is a penalty. If you can find away to pay for governmental operations without taxes, please enlighten us.How do we pay for: Roads, police, fire, schools, defense, nationals parks, disaster relief, city & county hospitals, Govt agencies like CDC, NIH, Federal Bureaucracy, Judiciary, etc.
Woul a flat tax apply to cap gains?
The lion's share of Federal Taxes goes to the military and to entitlement. THe military, current and veteran's benefits account for 49% of outlays, based on an analysis by the War Resister's league.
http://www.warresisters.org/piechart.htm
Let's cut the military budget in half, and reform Medicare and Medicaid. What gives people the right to expect free medical care in their later years?
I earn enough to not have to gripe endlessly about taxes.