Quote:
Originally Posted by Archaea
Many countries do not tax capital gains and the US rate is the fourth highest in the world.
http://taxfoundation.org/article/top...oecd-2011-2014
Capital gains are NOT income for sitting on your but, but the opposite, leaving capital in the system to fund new factories, buildings, and new businesses. Allowing capital funds to invest by having a low tax rate is reasonable and accepted generally throughout the world.
People who complain about the capital gains tax treatment are people who don't understand it or who don't have capital to invest.
Balancing the budget will occur by reshaping government employment and unfunded pension liabilities. |
I'm sure someone is working his butt off "leaving" stuff.
I have real estate investments. They make money on their own.