Re: Right now most people over the 100k income bracket are planning to vote Democrat.
Not in my family.
Dollar figure alone doesn’t tell the whole story. Lower ranking IT schlubs make more than that in CA, they are < 30, and are not homeowners.
100K? Well, in the current system where a family of 4 making 50K pays almost zero tax, the 100K barrier is not that far from the bottom payers.
As far as the capital gains tax goes, my belief, and I am not pro tax, is that is a ruse. Most all capital gains on stocks are the result of investing AFTER the company has received its money from forming or from a secondary offering. The money raised goes to the corp, the buyer gets his shares. IMO, when the original buyer sells, he should be afforded a special rate, he invested in capital formation for a company. On the other hand, after he sells, those shares are not capital formation for a company, they are an investment but not a capital investment. Why should that person be afforded a capital formation rate? If I get interest on a bond, I pay ordinary rate or if I get it from a CD same thing. That is how I see it.