The capital gains tax punishes those who chose to save and invest.
Eliminating the capital gains tax would lead to a faster growing economy, more saving, more investment, more entrepreneurship and more job creation.
And the advantage is gigantic: people can now create their own private "nest egg" savings and investment accounts for retirement and medical bills completely tax free, which tremendously reduces the financial pressure on Social Security and Medicare.
The failure of this article is using the term “taxable income” for capital gains. And a double failure, for using the term “taxable income” for money that, under the plan is not taxable.
The article starts with a meme that is a lie about not paying any taxes (for 10 years). Sure it uses future tense but the goal is to drive home Harry Reid’s talking point over the past 10 years.
Again with the “taxer” claim that Romney needs to release his “papers please”.
They didn’t want Obammy to release his birth certificate, his college transcripts, his...
The Atlantic staff can go jump in the ocean.