Please someone expalin it to me...
President Trump wants to index capital gains for tax 2.0..What does that mean exactly????..And is that a good idea???
proud republican wrote:
President Trump wants to index capital gains for tax 2.0..What does that mean exactly????..And is that a good idea???
I'm sticking my nose in so if you find out, so will I.
proud republican wrote:
President Trump wants to index capital gains for tax 2.0..What does that mean exactly????..And is that a good idea???
I am not an economist but I will try to explain. Those with a lot to invest often get big returns on stocks, real estate, etc. By indexing these returns to the inflation rate it will result in them paying less in taxes. I do not think it is a good idea for a number of reasons.
1. If he tries to do it unilaterally it will certainly result in a legal challenge.
2. It will give the appearance of a tax break for the rich, which is a bad move going into the 2020 e******n.
3. Without tax increases in other areas or spending cuts it will most likely lead to larger deficits.
Liberty Tree wrote:
I am not an economist but I will try to explain. Those with a lot to invest often get big returns on stocks, real estate, etc. By indexing these returns to the inflation rate it will result in them paying less in taxes. I do not think it is a good idea for a number of reasons.
1. If he tries to do it unilaterally it will certainly result in a legal challenge.
2. It will give the appearance of a tax break for the rich, which is a bad move going into the 2020 e******n.
3. Without tax increases in other areas or spending cuts it will most likely lead to larger deficits.
I am not an economist but I will try to explain. T... (
show quote)
Not to worry the spending cuts are coming,ss and medicare are k*****g our country. Any thing that does not benfit big business ,or the rich is fair game,so hang on to your shirt their coming for it to.
proud republican wrote:
President Trump wants to index capital gains for tax 2.0..What does that mean exactly????..And is that a good idea???
Capital Gains Taxes Should Be Indexed to Inflation. ... Most aspects of income-related taxes are already adjusted for inflation to ensure that individuals are only being taxed on real increases in income, not nominal increases.Jul 23, 2018
Capital Gains Taxes Should Be Indexed to Inflation
https://taxfoundation.org/capital-gains-taxes-indexed-inflation/
America 1 wrote:
Capital Gains Taxes Should Be Indexed to Inflation. ... Most aspects of income-related taxes are already adjusted for inflation to ensure that individuals are only being taxed on real increases in income, not nominal increases.Jul 23, 2018
Capital Gains Taxes Should Be Indexed to Inflation
https://taxfoundation.org/capital-gains-taxes-indexed-inflation/I understand your point I just do not think this is the right time to do it.
proud republican wrote:
President Trump wants to index capital gains for tax 2.0..What does that mean exactly????..And is that a good idea???
It is good news for those with capital that has increased in value, bad news for everyone else who will have to make up the difference.................or not.................since it appears that deficit spending is back in vogue. As others have already pointed out, this would be a terrible optic going into the 2020 circus, but might garner increased donations from the elite folks.....................or not................since those folks felt comfortable pocketing their windfall from the tax relief package the GOP already handed them, instead of re-investing it as promised.
America 1 wrote:
Capital Gains Taxes Should Be Indexed to Inflation. ... Most aspects of income-related taxes are already adjusted for inflation to ensure that individuals are only being taxed on real increases in income, not nominal increases.Jul 23, 2018
Capital Gains Taxes Should Be Indexed to Inflation
https://taxfoundation.org/capital-gains-taxes-indexed-inflation/Thank you. Now I understand.
Liberty Tree wrote:
I understand your point I just do not think this is the right time to do it.
When is the right time for government to quit stealing?
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