My only problem with the Trump plan is that it only lowers Cap Gains Tax rate from 24% to 20%. Obama raised it from 15%
, this can’t be justified since its investments of peoples savings that were already taxed.
If Trumps Corporate tax is 15% then how can he justify Cap Gains being taxed 5% more than Corporate.
Hedge fund guys get a couple percent tax hike, big deal. Largely they still have lots to give to the Democrats.
If the Dow keeps dropping, we may not have to worry about Capital Gains, only losses. The 10th largest company in the world, Glencore just lost 30%.