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

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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. #1
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    What should the capital gains tax be?

    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?

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

    Tax it as regular income. Allow losses to be written off.

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    Re: What should the capital gains tax be?

    There should be no special capital gains tax. Just tax it as regular income.
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  4. #4
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    Re: What should the capital gains tax be?

    I like some form of graduated tax based on income.

    For capital gains only - something along this nature:

    0-50,000 5%
    50,001 - 100,000 10%
    100,001 - 250,000 20%
    250,001 - 500,000 25%
    500,001 - 1 million 30%
    over 1 million 35%


    Something along those lines works fine with me.

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    Re: What should the capital gains tax be?

    The extent to which you tax is the extent to which you discourage the activity you are taxing. Some activities are more elastic than others; investment has proven itself to be much more responsive to tax policy than, for example, income.

    So, I would suggest you tax capital gains precisely to the degree which you wish to discourage investment in American business and the creation of American jobs.

  6. #6
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    Re: What should the capital gains tax be?

    Leave the cap gains tax as it is.
    But make it more progressive, to encourage lower income people to invest.

    I say it should be 0 for middle and lower income classes.
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  7. #7
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    Re: What should the capital gains tax be?

    Capital gains are income, why would it be treated as anything other than income?
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  8. #8
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    Re: What should the capital gains tax be?

    Quote Originally Posted by Redress View Post
    Capital gains are income, why would it be treated as anything other than income?
    It's funky.
    First off, capital gains aren't guaranteed like a paycheck based income.
    Secondly, you have to risk capital, to have the chance to earn a capital gain.
    Third, it can be deferred for many, many years.

    It's not the same type of income and there is much more risk involved, with less ability to write off losses.
    Last edited by Harry Guerrilla; 04-30-12 at 08:10 AM.
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  9. #9
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    Re: What should the capital gains tax be?

    Quote Originally Posted by Redress View Post
    Capital gains are income, why would it be treated as anything other than income?
    Investment is risky, and if you lose money, you're not allowed to write it off. For example, you could make 10 million one year, but lose 5 million the next. In that losing year, you don't get reverse taxes. You don't get the -15% back in the form of a rebate.

  10. #10
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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?
    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.


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