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- #41
why shouldn't we have a capital gains tax?
Jillian, the only reason we have a separate schedule for capital gains is so they can be taxed at lower rates. Sell a stock and make $100, you'll pay $15 in tax. Earn $100 digging ditches, you'll pay as much as $35 in tax. Some folks think if income is taxable, the same rate should apply across the board.Bingo!!!!!!!!!!!!!!!!!!!!!
So you agree that the highest earners...the top 1% shouldn't pay more then anyone else....all taxpayers need to pay the same percentage?
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