Personally I think its great.
2006-09-15 15:05:47 · 6 answers · asked by 6 in Politics & Government ➔ Politics
No
2006-09-15 15:15:03 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The reduction of capital gains tax increases the quantity of positive NPV projects that firms will take on. Therfore, the reduction of capital gains expands the economy, creates jobs and at a level actually CREATES MORE TAX REVENUE by eliminating dead weight loss of taxation.
The capital gains tax should be eliminated, not reduced.
2006-09-15 22:19:38 · answer #2 · answered by Il Siciliano di Miami 2 · 0⤊ 1⤋
probably not. A simpler tax code that won't let the rich wiggle out of their responsibilities would be better.
Smack, how is that you can afford to invest enough that the capitol gains makes a difference to you finnancialy but you can't stay out of debt?
You don't need a tax break, you need to learn budgeting basics.
2006-09-15 22:20:40 · answer #3 · answered by Skippy 6 · 0⤊ 1⤋
... it saved my life literally and now im debt-free ..... but i got a feeling it wont last and many new taxes as well as revokes will happen in the near future to try to bail the economy out.
2006-09-15 22:09:56 · answer #4 · answered by Anonymous · 1⤊ 0⤋
There should not be a capital gains tax. You already paid taxes on your money once.
2006-09-15 22:07:57 · answer #5 · answered by Colorado 5 · 1⤊ 1⤋
well considering the income has not been taxed yet no i think it should be taxed and it should be taxed to the level of self employment for it is not a wage rather its a payment on ones investment
2006-09-15 22:19:02 · answer #6 · answered by matthew_yelle 2 · 0⤊ 1⤋