Kuros
Rookie
- Banned
- #81
Do you pay for jets, yachts, 50,000.00 or more on each and every piece of jewelry?
Laughable.
They are paying 9% on that.
But....
The 15% they were paying in capital gains is now gone.
The 15% they were paying on dividends is now gone.
The top marginal rates are gone...that 36% bracket just went to 9%.
No the 15% does not go away it goes down to 9%
It will help get the stock maket going and will make it more stable.
Think about how this will help all of the regular people who have 401(k)
Its a flat tax. A flat tax is more regressive than a progressive income tax.
Anyone making less than $200,000/year should prefer a progressive income tax. Anyone making more than $200,000/year can nevertheless afford a progressive income tax.