Quote:
Originally Posted by PilotMan
Not only is it built around them, it's built so that they can mold it and reimagine the system to keep benefiting them.
Tax rates are at historically low levels. Even at my very low rate I could manage an increase. As long as there is money to be made, people will make it, regardless of how much they have to pay the taxman.
"No, I don't think I'll make this deal. It's just not worth it to make 15k when I could have made 25k if the damn tax rate wasn't so high." - there is nothing logical about this statement.
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The arguments about raising income tax rates and capital gains tax rates causing less jobs and/or less investing is laughable. Can't believe more people don't hit back on those talking points.
I still think the easiest solution is to just make capital gains tax taxed the same as income. It's stupid that we make these exceptions. Income is income.