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On Thu, 16 Sep 2010 19:06:34 GMT, "Colonel Kurtz"
wrote: On 13-Sep-2010, bpuharic wrote: perspective, you should invest, don't work, and pay 15%! Doesn't make sense, does it? Nope - it's YOUR premise...... and why should investment tax dollars be taxed at a lower rate than earned income? there's no reason for this policy, especially since it's obviously ineffective, as we can see today. and, no, investment does not come from 'after tax' dollars. capital gains taxes are, by definition, paid AFTER investments are made and profits are recouped. Stupid is as stupid does Investment comes from retained income, from which taxes were paid - you don't get an income that you can invest and not pay taxes except narrowly defined "retirement accounts" - if you withdraw from those (such as 401k's and IRA's) you take it in the ass for taxes, PLUS penalties. Investment income is taxed at a lower rate to encourage investment, which it does not do. we have lowered the tax rates on investment income to 15% how's that working out for us right now? oh. we're ****ed. so your argument is ****. which used to result in brick-and-mortar companies to produce products where the masses could be managers, engineers, technicians and factory rats. If it weren't for capital investment, you'd be growing roots in your collective garden to survive. Investment is now punished (unless you are merely shuffling money on bogus pieces of paper and a buddy of "the administration"), therefore you have a diminishing income. It is actually that simple. and why should INVESTMENT income be treated differently than EARNED income? it shouldn't. it leads to increasing wealth concentrated in fewer and few hands...which is what's happening to america today so your argument is COMPLETELY wrong |
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