Harry Guerrilla
DP Veteran
- Joined
- Dec 18, 2008
- Messages
- 28,951
- Reaction score
- 12,422
- Gender
- Male
- Political Leaning
- Libertarian
bingo. though if this happens, I want to be allowed to save tax free (I like Romney's idea of no capital gains for those under 500,000) so that I can more easily make up for the loss.
I would be willing to pay slightly higher effective taxes in order to pay lower nominal taxes that would reduce tax code complexity and help the economy boom. Likely I (speaking on behalf of taxpayers) would make up the difference through increased opportunity and pay.
I honestly think we should have a progressive system for capital gains and dividends.
Under $50k a year in total income, 0% tax rate.
We'll make capitalists out of them!