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Good.

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.

1 posted on 08/11/2012 4:38:50 PM PDT by moonshot925
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To: moonshot925
There's a reason why I want at least the flat-rate no-loophole income tax Steve Forbes proposed in 1996: it strongly encourages people to save and invest because bank account interest, capital gains and stock dividend payments are no longer counted towards the Adjusted Gross Income calculation for earned income before taxes.

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.

30 posted on 08/11/2012 6:55:15 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: moonshot925

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.


31 posted on 08/11/2012 7:29:37 PM PDT by CharlesWayneCT
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To: moonshot925

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.


32 posted on 08/11/2012 8:57:30 PM PDT by a fool in paradise (Eric Holder's NAACP rally against the voter ID laws required the press to bring govt issue photo ID.)
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