On 09/05/2010 6:42 PM, bpuharic wrote:
On Sun, 09 May 2010 18:28:05 -0600,
wrote:

On 09/05/2010 6:15 PM, bpuharic wrote:

Actually, capital gains is in the total picture a tax on wealth.
Inflation tax if you will.

so is income tax on the middle class

If where you are going with this is to tax businesses and not people.
Why not. Since the *******ization of income tax for corporations has
been done for GM and banks, why not.

my argument is to cut taxes on the middle class by 10%. increase
capital gains to make up the difference. regulate the **** out of wall
street so they can sell fictional bull**** as financial instruments

but the right thinks ONLY in terms of cutting capital gains.

10% on gross or taxes owed? Needs to be deep to be meaningful. Things
are so tight in some middle class budgets that a token $50/month net
isn't going to save them from bankruptcy.

If capital gains went up, no one would invest. No new real wealth
producing jobs.

Regulate Wall Street and it can go offshore. Hell, I already use
offshore as I don't trust the US with the mainline accounts. I already
trade abroad and only pay 15% in taxes to the US earnings.

Be happy to move the rest too as I do have a NY account. But I keep it
incase I see win-win opportunities.

Trouble is here is no profit for business in the US. While papers brag
about a few shining stars, over all US business earnings are in the tank.

Just like a defunct debtor on Repo Man, you deny the obvious.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.