buffalo Loc: Texas

You don't think Trump uses that spin either, do you?

JFlorio Loc: Seminole Florida

Are you kidding, He spins like a top. Says any damn thing pops into his head and then worries about the veracity later. He's a political moron. Obama was a brilliant politician and did more damage to this country then any President in my lifetime. He could stand up there, looking and sounding P**********l while he lied consistently to our faces from health care to prosecuting Wall Street. We haven't had a president that really wanted to change the size and scope of government for years. I think Trump wants to but his rhetoric is so confusing I'm not sure.

Radiance3

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Buffalo, rental income are taxed annually. The rents paid by the tenants are reported as income by the owner, minus all operating costs that were spent that year to generate that income. What you are talking about is the long term capital gains. Long term capital gains, those assets or investments held for more than one year and sold. Net income on those assets are taxed at a lower rate.
Here are some concepts why we pay lower tax on capital gains. E.G on rental properties.
1. The income on that rental property is already paid annually, as regular income. Paying capital gains tax is double taxation. But of course we still pay capital gains, but at a lower rate. That is reasonable.

2. In order to offset inflation. E.g. If you buy a rental home for $100,000 several years ago, even if you sell that home at present at a higher price, the value of the money is much lesser than the value you paid to obtaining that property.
3. Taxing capital gains similar to regular income would restrict market liquidity on investments. It would result to economic decline.

JFlorio Loc: Seminole Florida

I agree, and appreciate your reasoning.

vettelover Loc: Richmond Va

To much risk in market investing to get taxed plus or minus 40%.

How about this, lets get the federal and state budgets down to a reasonable number and remove unions from tbe publuc sector. Its a massive conflict of interest having taxpayers services held hostage by union thugs!

Radiance3

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The Labor Union in public offices are in quid-pro-quo with the democrat party. That is why the unions demand all lavish benefits from the employer, which is us the taxpayers. In return the labor union donates tens of millions of dollars to the democrat party.

There is a conflict of interest here. We are the taxpayers paying these labor unions. But the unions assault and demand so much benefits which are shared by the democrat party.

Labor unions in government sectors are liabilities. E.g. SEIU. The employees in the union are non-performing, dumb, incompetent, abusive, but no one could remove them from office. Because it was a union agreement when those union was established on the government contracts. Then these labor union bosses are paid millions of dollars annually from the dues that these employees are paying every month.

Congress must stop these government labor union. They are hindrance to optimal performance on their jobs. It is illegal and in conflict of interest. We are the people wo pay them, as they use us to allow them to fund millions of dollars to the democrat party.

lindajoy Loc: right here with you....

Good Morning, J..

I support a flat tax as well.. Think it’s exacty what is needed but the IRS will never support it because they would have to reduce their size!!

Like the move towards Term limits.. I read over 75 % support it yet we can’t get it before the Senate!! Guess we know why..

karpenter Loc: Headin' Fer Da Hills !!

Because The Constituents Want To Throw Out Everyone Else's Bums
Our Bum In Congress Is Doing Just Great !!

JFlorio Loc: Seminole Florida

Yep. The IRS isn't about revenue as much as it's about power. Only time you can be guilty until proven innocent. Unless of course you are Roy Moore.

lindajoy Loc: right here with you....

You got that right!!!!

Do you knowvit first hoes before a gang of Senators to see if it even goes to the floor??

What BS is that?? Should go before the Senate period!!!

lindajoy Loc: right here with you....

That being the case when do Lynch and Holder get picked up???