View Poll Results: What should the capital gains tax rate be?

Voters
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  • lower it to 10%

    0 0%
  • keep it at 15%

    2 10.00%
  • raise it back up to 20%

    1 5.00%
  • 25%

    1 5.00%
  • tax it the same as income tax, graduated

    5 25.00%
  • 5% for 100K or less, 10% up to a million, 15% up to 100 million, 20% after that

    3 15.00%
  • 0%, get rid of the tax

    5 25.00%
  • other (explain)

    3 15.00%
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Thread: What should the capital gains tax be?

  1. #11
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    Re: What should the capital gains tax be?

    Zero. People investing in the nation's companies is beneficial to the country. Why tax people for doing it?
    From the ashes.

  2. #12
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    Re: What should the capital gains tax be?

    Quote Originally Posted by pbrauer View Post
    If the asset is owned less than a year, the gain is taxed as normal income. The advantages are gained when the asset is owned over a year... that's when the lower rate kicks in. Today that rate is 15%, which is the same marginal rate as a single person who earns between $8,500 and $34,500.

    In 1988 President Reagan set both rates at 28%, then in the late 90's in a deal Clinton lowered the capital gains tax rate to 20% and of course President Bush lowered it to %15.

    I think both rates should be the same and progressive.
    The big down side to having it the same as income tax is investment, unlike working wages, is very, very up and down. You might make 10 mil one year and then lose 5 mil the next. For this reason, you have to budget accordingly. Seems like it's fair to tax investment income less than working income. Maybe go with less graduated? See the option in the poll that uses 5%, 10%, 15%, and 20%, depending on how much is made.

  3. #13
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    Re: What should the capital gains tax be?

    Quote Originally Posted by Luna Tick View Post
    The big down side to having it the same as income tax is investment, unlike working wages, is very, very up and down. You might make 10 mil one year and then lose 5 mil the next. For this reason, you have to budget accordingly. Seems like it's fair to tax investment income less than working income. Maybe go with less graduated? See the option in the poll that uses 5%, 10%, 15%, and 20%, depending on how much is made.
    You can deduct you're losses Luna.


  4. #14
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    Re: What should the capital gains tax be?

    I am for a progressive Cap Gains tax. The lower bracket will stimulate investment from middle class earners. I believe this will be good for the economy.
    As a dreamer of dreams and a travellin' man, I have chalked up many a mile.
    Read dozens of books about heroes and crooks and I've learned much from both of their styles!

  5. #15
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    Re: What should the capital gains tax be?

    Quote Originally Posted by pbrauer View Post
    You can deduct you're losses Luna.
    Up to $3000.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  6. #16
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    Re: What should the capital gains tax be?

    Quote Originally Posted by Luna Tick View Post
    The capital gains tax is a tax on investments. It's a flat tax. It used to be 20%. It's now 15%. Making money investing is very different from a regular job where you get an hourly wage or a regular salary. Investing is a calculated risk. Even the very best investors sometimes lose money. With that in mind, what rate do you think capital gains should be?
    Tax it as nominal income.
    You know the time is right to take control, we gotta take offense against the status quo

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