On Mon, 19 Jul 2010 22:11:52 -0600, Canuck57
wrote:

On 19/07/2010 9:14 PM, bpuharic wrote:
On Mon, 19 Jul 2010 19:21:25 -0400, wrote:

bpuharic wrote:


yeah.

when's the last time the GOP proposed a capital gains tax INCREASE?

oh. never.

QED

Capital gains is really a wealth tax.

nope. capital gains are income. sorry.

Say you owned an average company, stable but average in every way.
Worht $1 a share. Pays a constant 4% dividend. Some decades later it
is worth $4 but every you could by for a $1 is now $4, in dollars you
have 4 tiems as much but in buying power you are the same. Thus no real
gain other than the dividend you get.

you pay CGT on equities when you sell them. then they are income.

you dont know much about economics, do you?
and it's taxed at 15%. another example of socialism for the rich