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re: Biden Cap Gains Tax changes -
Posted on 10/11/20 at 7:21 pm to LSUSUPERSTAR
Posted on 10/11/20 at 7:21 pm to LSUSUPERSTAR
Higher taxes often reduce government collections
1
Posted on 10/12/20 at 11:17 am to fallguy_1978
quote:
Higher taxes often reduce government collections
Depends on how it is accomplished. Simply changing the rates won't bring in much more money and may reduce collections.
Reality is we have a federal debt that now exceeds 27 Trillion... approaching 82K per citizen and a stunning $217K per taxpayer... and growing. I just don't know how longer that is sustainable without reducing spending and/or adding new revenue.
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