Stop coddling the rich

[Exterminator]

but does it count when you build a new building and hire new employees or create a new widget?  I'm not talking about just reinvesting but perhaps INVESTING...into new business' altogether....

Yes; any money invested in a business lowers the net revenue of that business as long as the investment does not exceed the gross income.

[Exterminator]

So I should totally disregard a Pulitzer Prize winning source and simply follow the opinion of a BASE Jumper?..... k

Or you could look it up (novel idea; huh?) and do the math yourself.  Do you really think investments are taxed on the investment amount plus the return rather than only the return itself?  So what you're saying is that if I invest $100.00 in something and never make anything off of the investment, I will have to pay taxes on that $100.00 year after year until it's gone?  Does that make any sense whatsoever?  It's called capital gains tax because it's a tax on the gains.

[Henry Hawk]

Or you could look it up (novel idea; huh?) and do the math yourself.  Do you really think investments are taxed on the investment amount plus the return rather than only the return itself?  So what you're saying is that if I invest $100.00 in something and never make anything off of the investment, I will have to pay taxes on that $100.00 year after year until it's gone?  Does that make any sense whatsoever?  It's called capital gains tax because it's a tax on the gains.

Okay Ex, I have pretty much promised myself to quit interacting with you and I have done the opposite today... ...I have a problem!!...

I got this info from the Cato Institute and they concluded with the following analysis:

a 1995 study examines the historical experience with the capital gains tax in the United States, as well as the findings of more than 50 economic studies on capital gains taxation. We conclude that a capital gains tax cut would

•substantially raise tax collections and increase tax payments by the rich;

•increase the rate of capital formation, economic growth, and job creation through the year 2000;

•unlock hundreds of billions of dollars of unrealized capital gains, thus promoting more efficient allocation of capital;

•expand economic opportunities for the most economically disadvantaged workers by bringing jobs and new businesses to capital-starved areas, such as America's inner cities.



also some other facts from another source that provides references to their fact finds are:

   
• Over the past forty years, capital gains tax revenues have increased every time the capital gains tax rate has been cut, and revenues have fallen every time the rate has increased.^[1]

   
• President Obama acknowledged during the 2008 campaign that hiking the capital gains tax might stifle investment, but he "would look at raising the capital gains tax for purposes of fairness."^[2]

   
• The 2001 and 2003 Bush tax cuts sliced the capital gains tax from 20% to 15%. By 2006, capital gains tax revenues had doubled, despite—or, as we argue, because of—the 25 percent rate cut.^[3]

   
• Fourteen out of thirty OECD countries, plus China, Taiwan, Hong Kong, Singapore, and others, already enjoy zero capital gains taxes.^[3]

   
• The Obama Administration trumpets that a hike in the capital gains tax from 15 to 20 percent would raise federal revenues by $33 billion by 2020. This does not take into account the detrimental effect that this tax hike would have on investment and the overall economy. According to the Heritage Foundation's J.D. Foster, a persistent reduction of just 0.01 percentage point in the GDP growth rate would reduce federal tax receipts from all other sources sufficiently to offset the entire projected gain in capital gains receipts. ^[4]

   
• According to the American Council for Capital Formation, moving to a zero capital gains tax rate would create approximately 1.3 million additional jobs per year.^[5]

http://www.americansolutions.com/solutionsacademy/wiki/index.php/Abolish_the_Capital_Gains_Tax

[Exterminator]

Not that I have any interest in refuting the numbers your baised sources use but way to completely change the subject!  So now you're saying that people who work should pay taxes but that people who make money with money shouldn't have to?

[Henry Hawk]

Not that I have any interest in refuting the numbers your baised sources use but way to completely change the subject!  So now you're saying that people who work should pay taxes but that people who make money with money shouldn't have to?

No, I'm saying we need to stimulate this economy...and this is one way to do so....I'm not saying they should be permanent cuts...but instead of our government spending money on so-called "shovel ready" jobs.......let's let the entreprenuers of this country spend their money.....and they only get these cuts IF it is money spent HERE in the USA.

Yes, some of the sources ARE biased...but that does not mean the are wrong...

[Henry Hawk]

"The major impact of a capital gains, as best I can judge, is to impeded entrepreneurial activity and capital
formation...I have argued that the appropriate capital gains tax rate is zero"

--Former Federal Reserve Chairman Alan Greenspan

[Exterminator]

No, I'm saying we need to stimulate this economy...and this is one way to do so....I'm not saying they should be permanent cuts...but instead of our government spending money on so-called "shovel ready" jobs.......let's let the entreprenuers of this country spend their money.....and they only get these cuts IF it is money spent HERE in the USA.

Yes, some of the sources ARE biased...but that does not mean the are wrong...

If they are right, why didn't the capital gains tax cuts in 2001 and 2003 produce the results you claim they will?

[Exterminator]

"The major impact of a capital gains, as best I can judge, is to impeded entrepreneurial activity and capital
formation...I have argued that the appropriate capital gains tax rate is zero"

--Former Federal Reserve Chairman Alan Greenspan

You should read his quotes about how great mortgage derivatives are...they're a hoot!

[Henry Hawk]

If they are right, why didn't the capital gains tax cuts in 2001 and 2003 produce the results you claim they will?

I'm not saying that it did, but my observation says that we DID have unemployement between 4% and 6% up until 2007, ...other factor kicked in, such as the housing bubble, banks failing and the auto bailouts...that could have stifled it...

[The Troll]

I'm not saying that it did, but my observation says that we DID have unemployement between 4% and 6% up until 2007, ...other factor kicked in, such as the housing bubble, banks failing and the auto bailouts...that could have stifled it...

  The auto bailouts was one of the best thing to come out of George W's depression.  You sure don't like your dad and his employment and pension from General Motors.  Hell, maybe he beat you everyday.  My dad worked for GM for 43 years and still thank him for working so many years for GM and the standard of living that working for General Motors gave all of this family.  Thanks Dad. 

  You have to be the most stupid man in America, you don't want to give the American workers and the great automobile companies of America any credit or respect of the contribution to America. 

[Exterminator]

roughly 90% of the tax filers who would pay more under Mr. Obama's plan aren't millionaires, and 99.99% aren't billionaires....Buffet needs to quite down a little and just write a bigger check to Uncle sam if THAT is what he thinks is best...and leave the working class Americans alone...

So what you're implying here is that you have a better understanding of money and the economy than Warren Buffet.  He made $357 million yesterday; how much did you make?

[The Troll]

So what you're implying here is that you have a better understanding of money and the economy than Warren Buffet.  He made $357 million yesterday; how much did you make?

  How much do you think a scab job pays and you have to get on your knees every Friday or every other Friday and kiss your,  the owner/boss ass and you haven't had a raise in three years.  Hummmmmmmmmmmmmmmmmmmmmmmmmmm!    God I love these Teabaggers = brain death or dead.   

[Henry Hawk]

  How much do you think a scab job pays and you have to get on your knees every Friday or every other Friday and kiss your,  the owner/boss ass and you haven't had a raise in three years.  Hummmmmmmmmmmmmmmmmmmmmmmmmmm!    God I love these Teabaggers = brain death or dead.   

Troll, I have never had to kiss anybody's ass....I just do my job and do it well.  I know my boss will reward all of us when times are better......we all know times are tough and we ALL want to be sure we ride this storm out, so we all get along.....I have zero complaints and I am very grateful for my job that I love and feel priviledged to h ave....

[The Troll]

Troll, I have never had to kiss anybody's ass....I just do my job and do it well.  I know my boss will reward all of us when times are better......we all know times are tough and we ALL want to be sure we ride this storm out, so we all get along.....I have zero complaints and I am very grateful for my job that I love and feel priviledged to h ave....

         
                   Henery

[The Troll]

Troll, I have never had to kiss anybody's ass....I just do my job and do it well.  I know my boss will reward all of us when times are better......we all know times are tough and we ALL want to be sure we ride this storm out, so we all get along.....I have zero complaints and I am very grateful for my job that I love and feel priviledged to h ave....

      <------ Henery.