Hillary stated today she wants to raise capitol gains taxes,is this good for America?

Question

Rudy claims that when you raise capitol gains taxes you stall growth and decrease revenue, how could Hillary's plan be good for America?

Answer 1

It isnt good for America. And her universal health care plan is a "nasty" pill for america to swallow. For example I am a Veteran, and the VA, with 28million Vets, is the closest thing we have to universal health care and it is a disaster. We wait months to get a docs appointment. Nobody answers the phone when you call..you get an answering machine when you call the hospital. Universal health care would be ten times worse than the VA..and that would be really really, really bad.

Answer 2

It's not. It's just more liberal redistribution of wealth. The government did nothing to 'deserve' the revenue associated with capital gains. They didn't invest any money, they didn't take the risk, they didn't have the creativity or ideas, but when you do and you are successful in growing a business, the government...in this case Hillary...feels perfectly entitled to a piece of the pie. As a result, investment and new business start up is repressed.

Case in point. My brother in law started his business about 30 years ago. It's been very successful and employs about 55 people. Given the taxes associated with selling the business and the capital gains involved, there is no incentive to sell the business. Despite the real value of the business, the profit that he would walk away with would not be enough to support him. So he won't sell. He'll just let the business die. So, rather than sell the business and keep these folks employed, the business will close and the people will need to look for new jobs. All because of government taxation. Is that good for America? I don't think so.

Answer 3

You tell me. Here is a list of taxes we have on the books today.And I may have missed some.


Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (42 cents per gallon) Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

I did miss one for sure Capital gains tax.

STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world.


We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.

What the heck happened? Can you spell "politicians!"

And.... I still have to "press 1" for English.

Answer 4

Its marginally good for public companies in a short term and bad for investors. Raising the tax means people are less likely to sell stock. It also means people make considerably less money from investing. It will prevent allot of middle class people from becoming wealthy through wise investing because much of the profit will be lost in tax. Less people will invest and the market will fluctuate more slowly then it does now. In the long run its bad for many companies too since there will be less investment capitol.

Answer 5

Sure, why not tax the hell out of the people who already pay the highest tax rates? Sure, slow down the economy. Make sure that those that invest do less. Brilliant idea Hillary. Brilliant. The problem with the Democrats is they think anyone making a liveable wage is rich. God forbid the middle class invest in their future and maybe retire someday.

Answer 6

No, it is not good for America. High capital gains taxes disincentivizes investment, and would drive a lot of capital investment out of this country. And that would bring the economy to a screeching halt.

Other countries realize the danger of high capital gains taxes and have a low tax or no tax at all on capital gains.

The simple adage holds true:
Whatever you tax, you get less of.
Whatever you subsidize, you get more of.

Answer 7

What is Rudy's plan for getting out from under the 9 trillion dollar deficit? When he comes up with a better plan we can talk. Until then Hillary at least HAS a plan. It may not be the one you or I like but it IS a plan. The GOP has no plan just like they had no plan to go into Iraq or to exit Iraq.

Answer 8

If there is one single tax that should be left alone or even cut, it's the capital gains tax.

To raise that tax is the equivalent of shooting yourself in the foot.
Every time that tax is raised, revenue has gone DOWN not up.
How can you raise that tax and at the same time complain that US companies are leaving? How can you tax a company that's not here?

Another tax that should be cut or illiminated is the death tax.
Why would anyone work to generate and save wealth if they are doomed to lose it?
I sure wouldn't.

Answer 9

It isn't good for america. If people have to pay higher taxes on capitol gains, they will find other ways to make a profit on their money. Raising taxes will only hurt the economy.

Answer 10

It will be good. Taxes are important. It's how we know vital government programs are being funded properly. It's how we know there is hope for all Americans.

Republicans think that cutting taxes, and allowing revenue to "trickle down" is going to make a difference. And I hate to say it, the republican motto of "Americans know how to spend their money better than the government does", isn't always true. When the average American gets a refund check, they buy a DVD player. Not many think about how the extra money they are getting from a tax break could have gone into the public school their kid is attending. They don't realize that the extra money could go into federal grants to help their kid get into a college they wouldn't be able to afford other wise.

Most of the tax breaks the Republicans dole out are to the wealthy. NEWS FLASH! The majority of Americans aren't wealthy, and don't qualify for Republican tax breaks.