You obviously never bought or sold a stock in your life or you would know that only the gains over and above what you paid for the stock is taxed, and only when the stock is sold, as I said before. That increase in stock value has never been taxed and is not taxed while it is growing. It is only taxed when "realized" AKA "sold," and then at a special lower rate.
It seems that growing tax free is not enough of a special tax privilege to satisfy the greedy, and neither is a discounted tax rate when the stock is sold, the elitist cap gains tycoons want a completely free ride and they have their GOP puppets working overtime to get them that free ride.
bought and sold close to amillion dollars last year
The wealth I use to trade stocks I got from working, that welath has been taxed once, before I ever used it to buy AAPL
Why in gods name you would make up some BS story like that is beyond me.
The increase in wealth that the AAPL stock gained from the time you bought it has NOT been taxed, not now and not while it grew. It will only be taxed for the FIRST time when and if you sell it. You don't pay cap gains taxes on the dollars you bought the stock with, and you know it, so don't give me that crap that cap gains has already been taxed.
The welath I used to purchase that stock has
The gians I make (hopefully) on that stock will be taxed when I sell it
How much would you like?
In the United States, individuals and corporations pay income tax on the net total of all their capital gains just as they do on other sorts of income. Capital gains are generally taxed at a preferential rate in comparison to ordinary income (26 U.S.C. §1(h)). This is intended to provide incentives for investors to make capital investments, to fund entrepreneurial activity, and to compensate for the effect of inflation and the corporate income tax. The amount an investor is taxed depends on both his or her tax bracket, and the amount of time the investment was held before being sold. Short-term capital gains are taxed at the investor's ordinary income tax rate, and are defined as investments held for a year or less before being sold. Long-term capital gains, which apply to assets held for more than one year, are taxed at a lower rate than short-term gains. In 2003, this rate was reduced to 15%, and to 5% for individuals in the lowest two income tax brackets. The reduced 15% tax rate on qualified dividends and long term capital gains, previously scheduled to expire in 2008, was extended through 2010 as a result of the Tax Increase Prevention and Reconciliation Act of 2005 signed into law by President George W. Bush. This was extended through 2012 in legislation passed by Congress and signed by President Barack Obama on Dec 17, 2010. As a result:
In 2008–2012, the tax rate on qualified dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets.
After 2012, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket.
After 2012, the long-term capital gains tax rate will be 20% (10% for taxpayers in the 15% tax bracket).
After 2012, the qualified five-year 18% capital gains rate (8% for taxpayers in the 15% tax bracket) will be reinstated.
I want the millionaires investing, I want them to be taxed on there profits no more than I am, also no less
We were with-in 163 billion dollars of a balanced budget in 2007. Now we are 700 billion dollars in spending additions further away from a balnced budget as well as another 657 billion in lost revenue
thats a 1.5 trillion dollar defict
Get real job growth to match 07 levels
go back to the 07 budget with inflation
and we are there
This is not a revenue issue
This is a policy issue
wow Obama really brainwashed a good percentage of this country.
