BillyV
Antidisestablishmentarian
- Oct 31, 2011
- 592
- 118
- 78
Yeah, the Founders were all about fairness, that's why they put a progressive tax into place, right?
It's not fair that some have a higher IQ than others or that some are more successful than others. Let's drop everyone down to your level, just to make it fair.
Nope - I'm not opposed to making money. I think that every American is born with the right to make as much as he can. I just don't see why people who make more should be entitled to pay a lower percentage. That's nuts.
You got any cites about what the founding fathers had to say about progressive taxation? Or do you simply feel entitled to speak on their behalf?
No need to look for pigs, just see what happened to revenues the last time they raised the CG rate. Or what happened to them when they were cut after that.
But it sounds like you don't want the tax to collect revenue, just to punish those mean rich guys. Just to make it fair.
I don't even meant to be expressing an opinion about whether the raise or lower the CGT rate. Just build some progressivity into it. The 2 are mutually exclusive concepts.
And listen to me, Kid. *EVERYBODY* feels punished by taxation. *EVERYBODY*. The rich, the working poor, and especially the middle class. Waah fucking waah if the rich feel so put upon because they have to pay their fair share - which I assure you is more than 15%. They're just going to have to tough it out.
They're bitching and moaning because a reasonable tax increase is "class warfare"? Perhaps one day they'll learn what real class warfare is.
Actually, the capital gains tax is progressive. The tax is 0% when your regular income (not including the capital gains) is taxed at less than 25%. For 2011, that level for a single taxpayer is $34,500, married filing jointly $69,000. So in other words, if you are single, have $40,000 of taxable income and $20,000 is capital gains, you would pay 0% on the capital gains because all of your other non-capital gain income ($20,000) is taxed partly at 10% and partly at 15%. Feel better now?