It is not enough that the American people are already taxed to the hilt and that the filthy ass combined government already takes over 40% of the GNP for the cost of government but this piece of shit in the White House wants to once again raise taxes on the American people.
Yea, we really need more taxes now, don't we? The stupid idiots in the White House can't cut back on spending but they sure as hell can call for more taxes.
This is the type of bead government you get when you elect Democrats. Of course if history is any indication the Republicans will probably give him what he wants.
His stupid tax plan is taking money from Americans that earned the money and giving to Americans that didn't earn it while keeping spending and the tax burden at the already astronomical high. Stupid Libtardeconomics.
Obama to call for new tax increases in State of the Union address Fox News
Obama to call for new tax increases in State of the Union address
Why should capital gains taxes be so much lower than income tax rates? I can understand why politically.....most rich folks make their money that way. But practically, it makes no sense. We should go back to capital gains rates we had under Reagan. Treat Capital Gains like normal income.
Because capital formation is the lifeblood of business. Further, reducing capital gains rates actually increases the amount paid by high income people because the incentive to hold investments is less.
Even Obama understands this.
Please explain how that works, if you don't mind. Let me see if I have this right. By reducing capital gain rates ( taxes ), the high income folks pay more in taxes? And, exactly how does "holding investments less" affect income and taxes? Do not high income folks change their investments, and the way they invest all the time? Whether they are invested in stocks, bonds, currency, real estate, commodities, etc., they keep up with the economic trends, move their money accordingly, and by doing so, they protect their investments ( money). Am I wrong here? If so, please explain where I failed to understand investments and taxes. Thanks.