Originally Posted by smohr33
So when the Bush era tax cuts expire, capital gains of $400,000 and up should be taxed at 40%?????? Do you have any idea how crippling that is??
Considering this was the case for the vast majority of the history of the country, I'd like to suggest you back up this assertion with facts. It *sounds* bad, but it is not actually bad unless you can cite figures to back it up.
The concept that people would stop investing because they would be taxed more is not supported by facts. I have money in the market, and I make money from my salary. I have a higher effective tax rate than nearly anyone else in the country. I don't understand why people who make more should pay less.