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How do you respond to this Yahoo comment regarding short/long-term capital gains tax rate?
Posted on 12/19/17 at 8:44 am
Posted on 12/19/17 at 8:44 am
Saw this comment on a Yahoo article:
How would you respond to this?
quote:
I will never understand why investment income/capital gains from things like stocks and real estate investments etc. is taxed LESS than wages earned by welders and teachers and police officers. Why should someone who makes money by investing money get taxed less than someone making a comparable amount of regular (non-investment/cap gains income)?
How would you respond to this?
This post was edited on 12/19/17 at 8:59 am
Posted on 12/19/17 at 8:45 am to rickgrimes
Because the government wants to encourage savings.
Posted on 12/19/17 at 8:46 am to rickgrimes
(no message)
This post was edited on 11/17/21 at 5:01 pm
Posted on 12/19/17 at 8:46 am to rickgrimes
Because the money being invested has already been taxed before?
Posted on 12/19/17 at 8:46 am to rickgrimes
quote:
How do you respond to this Yahoo comment regarding short-term capital gains tax rate?
You don't respond.
Yahoo sucks. You should be ashamed of yourself.
Posted on 12/19/17 at 8:46 am to rickgrimes
Available capital to corporations is a very good thing for the economy.
Posted on 12/19/17 at 8:46 am to puse01
quote:
The money invested has already been taxed when it was earned initially.
Irrelevant. That basis is never taxed again anyway no matter what rate you use.
Posted on 12/19/17 at 8:47 am to rickgrimes
Don't and feel much better about your retirement than this person.
Also the reason imo is investment spurs the economy. The government wants to incentivize investment
Also the reason imo is investment spurs the economy. The government wants to incentivize investment
Posted on 12/19/17 at 8:47 am to rickgrimes
There is no risk taken to earn a paycheck.
Risk is taken when investing your own capital in a business. We want to encourage investors to take that risk so businesses can grow.
Risk is taken when investing your own capital in a business. We want to encourage investors to take that risk so businesses can grow.
Posted on 12/19/17 at 8:48 am to Adam Banks
The rich write the laws for the rich.
Posted on 12/19/17 at 8:48 am to rickgrimes
To encourage investment.
And the commenter used teachers, welders, and police officers as examples, but I don’t think he realizes that teachers, welders, and police officers invest their savings too. And they are also thankful for the lower capital gains taxation rate.
It’s not just rich people. It’s good for everyone.
And the commenter used teachers, welders, and police officers as examples, but I don’t think he realizes that teachers, welders, and police officers invest their savings too. And they are also thankful for the lower capital gains taxation rate.
It’s not just rich people. It’s good for everyone.
This post was edited on 12/19/17 at 8:51 am
Posted on 12/19/17 at 8:48 am to rickgrimes
No one is stopping Welders, Teachers or Police Officers from investing.
Posted on 12/19/17 at 8:49 am to JEAUXBLEAUX
quote:
The rich write the laws for the rich.
So only the rich get taxed at a lower rate?
Posted on 12/19/17 at 8:49 am to rickgrimes
quote:
How would you respond to this?
Yeah, let's tax the shite out of daddy, the guy who is responsible for our allowance.
Posted on 12/19/17 at 8:49 am to rickgrimes
You'd have to argue that short-term trading has some value to the system that wage-earning does not. Helping to properly allocating capital via instantly-updating price signals could be one argument in support of a well-functioning market.
Or, that income taxes are preferred because they're a more stable form of govt revenue. If they are, which I doubt.
Hard to think of a third option other than one group having more political influence than the other.
Or, that income taxes are preferred because they're a more stable form of govt revenue. If they are, which I doubt.
Hard to think of a third option other than one group having more political influence than the other.
Posted on 12/19/17 at 8:49 am to JEAUXBLEAUX
quote:
JEAUXBLEAUX
Never underestimate Jeaux's ability to be both financially ignorant and pathetically envious.
He'll reliably surprise you.
Posted on 12/19/17 at 8:50 am to rickgrimes
1) its already been taxed as income
2) it has greater impact on the economy and should be encouraged.
3) savings and investment are good for people and should be encouraged.
2) it has greater impact on the economy and should be encouraged.
3) savings and investment are good for people and should be encouraged.
Posted on 12/19/17 at 8:50 am to rickgrimes
They have already earned the money and paid taxes BEFORE they invested it, so it's DUMB as frick to compare it to labor wages and taxes.....it's less because there's no need to put retax it on certain taxes
Posted on 12/19/17 at 8:51 am to upgrayedd
The sheep are gone. Just let them wander.
Posted on 12/19/17 at 8:51 am to rickgrimes
Investment is encouraged. It drives the economy which benefits everyone.
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