Show of HandsShow of Hands

Show Of Hands October 11th, 2012 12:00am

Should income from investments (i.e. "capital gains") be taxed at the same rate as income from employment?

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kirksten Columbia, MO
10/18/12 8:32 am

You have no idea what investing does for jobs and business in our country, do you.

tayfray2 Tennessee
10/18/12 3:29 am

ABSOLUTELY!!! But those tax rates should be 0%


10/16/12 2:27 pm

Yes, but only if the corporate tax is eliminated.

airodynamic1000 New York
10/16/12 9:37 am

Anarchy?
I like your style.

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tabbser
10/15/12 11:24 pm

Of course it should. It's income.

polarized Tennessee
10/15/12 3:51 pm

After it reaches a certain amount...yes.

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10/15/12 1:28 pm

Taxing the principal of an investment is generally double taxation. However, the profits should be taxed like all other income. The rate of return on investments in this country would discourage investment overseas in the first place (unstable markets for better return). That's a red herring.

pinkyusuck The Carribean. I wish.
10/14/12 10:10 am

No, because the lower rate encourages investment. 10% flat tax, <5% investment tax.

bradyrock Pennsylvania
10/14/12 9:36 am

But the money used to purchase the securities or property was most likely earned through payroll and was already taxed once. That's double taxation.

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ScrewU Gone
10/14/12 7:54 am

We use criminal laws to discourage murder, not tax policy. And income taxes don't pay for roads. Dolts. Lol.

RandFan Headed to IPhone rehab
10/14/12 6:08 am

Of course capital gains should be taxed at a MUCH higher rate. You didn't have to work for the money. It's called gambling, and gambling income is taxed at a higher rate than income derived by working.

RandFan Headed to IPhone rehab
10/14/12 6:06 am

It is EXACTLY the job of government to encourage or discourage behavior. Like punishing people for murder? Dolt.

chemist1
10/13/12 4:55 pm

It's so nice that the federal government has the tax rate so low. They are allowing us to hold onto THEIR money!

ScrewU Gone
10/13/12 2:29 pm

As long as investment return more than stuffing your money in a mattress, people will invest

JAsher Fishers, IN
10/13/12 1:55 pm

And exactly how should the roads you like to drive on be paid for?

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wvurulz94
10/13/12 11:25 am

It's a huge risk unlike a salary.

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tayfray2 Tennessee
10/13/12 5:33 am

Income tax and capital gains tax rates should be the same. Governments job is not to encourage types of behavior. Oh, and the tax rate should be 0%

pcfz
10/13/12 2:03 am

Maybe for the good of nation? This is the problem we have today. We're all talk when it comes to our nation. We should start buying made in US, start supporting local us businesses. Invest in US businesses. Start helping out your fellow American. Where have our civic values gone?

scottstots Georgia
10/12/12 8:31 pm

I think Cindy should pay taxes. It begs the question though, who pays for Cindy's baby when she has a baby out if wedlock?

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ladyniner81 Embrace your inner dork
10/12/12 6:12 pm

No..poor & middle class people invest money too..like me..I'LL mention stuff like how I'm pissed that the stock market is down or something, and I'll get nasty looks, or even someone will say something nasty..I'm like wtf..jealous much?

EarlyBird Portland
10/12/12 4:01 pm

Jak - there are a lot more American millionaires than 2000. What are you talking about?

TideGal CFL
10/12/12 3:30 pm

Stupid analogy. Capital gains taxes should be low to encourage investments. If folks that do have extra cash to invest, it would be nice if they do invest it here. Low capital gains tax is an incentive to do that. Otherwise, why do it?

rzab32
10/12/12 2:59 pm

And the fairness argument makes no sense to me because we all have access to the stock market and we too can deduct our losses...we want investing to be attractive...taxing is a hindrance to the everyman investor, not the rich guy...he's already rich, you're just making it harder for me to be rich

rzab32
10/12/12 2:47 pm

I find it odd that you are talking about job risks as though you have no access to the market to invest...like you, I have worked in a "hard labor" environment...I also invested my extra money, because I find the idea of making more money via investment and less taxes appealing...less so at more tax

arborfamilia on top of the hill
10/12/12 2:07 pm

Really, if you make more than $55k/household, then you are wealthier than 50% of American households. I think. That's ~50 MILLION households. That enough, don't you think, to be feeling pretty wealthy?

carsons08
10/12/12 1:49 pm

Only the wealthy can afford to invest?? How exactly do you define wealthy?

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pcfz
10/12/12 1:10 pm

Yeah but Wall Street made a profit on this. It's like me and my friends know that some time soon something bad is going to happen. Yet we tell you to invest your money so we can make the profits on the rising stock prices on your expense.

pcfz
10/12/12 1:08 pm

There's nothing worse than preaching to people that want to be deaf

JaquesV Bentonville, AR
10/12/12 12:56 pm

@kiani - that's wrongheaded. Many people use money that's already been taxed before investing. To tax profits from those investments would be double taxing. Your analogy is ridiculous because people are citizens, who benefit from & have a responsibility to the society.

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doomhammer Tennessee
10/12/12 12:36 pm

Your and idiot... The money you bought your stocks with has already been taxed once when you earned it. We are freakin doomed because of idiots like you.

scalzi04
10/12/12 11:35 am

It's pretty much universally agreed that the crash of the housing market caused the recession. How do you not know that?

hvp828 Carolina girl
10/12/12 11:26 am

Kiani, your argument is suggesting that Cindy wasn't already existing somewhere else. It's an adoption not a new birth.

Alienmoose1 New York
10/12/12 9:53 am

Whatever fox news may tell you, we're in this recession because of the 2008 financial crash on wall street, which happened because these people play games with your livelihoods. So much so, that you feel your earned income is worth less than those job-killing stock games they play.

kianiwaters Somewhere Over There
10/12/12 7:33 am

Let's say two dollars got together and made another dollar.
No lets call dollar one Mark and dollar two Jane. They make baby dollar Cindy. Should Cindy not pay her taxes because mom and dad already did?

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kianiwaters Somewhere Over There
10/12/12 7:28 am

Just like the government has nothing to do with the money my grandma gives me. Either when she is here or passed.

kianiwaters Somewhere Over There
10/12/12 7:26 am

Has anyone watched the film The Inside Job?!? Thoughts?!?

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arborfamilia on top of the hill
10/12/12 7:07 am

Ugh, the survey results are so depressing. People, it's a GAINS tax. You only get taxed on the income. It's like having a second job that you don't pay income tax on. Only the wealthy can afford to do it, and it's unfair.

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arborfamilia on top of the hill
10/12/12 7:03 am

This "it's risky" crap is ridiculous. Is that the best reason you've got??

arborfamilia on top of the hill
10/12/12 7:02 am

Hey, RJ, I like your point, but knock it off with the sexist comments, please?

arborfamilia on top of the hill
10/12/12 7:00 am

That may have been the last time Republicans made a meaningful compromise. Reagan was a long time ago, it's a new century now, unfortunately.

arborfamilia on top of the hill
10/12/12 6:58 am

None of this makes any sense. Obama phones? Food stamps at 50%? I suggest you make an appointment to see a shrink: the reality you are living IS NOT REAL.

arborfamilia on top of the hill
10/12/12 6:55 am

The private sector is run by greedy jerks who don't even have to pretend publicly, like Washington does, that they care at all about people. Look at the low holidays in the US compared to other civilized countries. Could we NOT give them more money, please?

arborfamilia on top of the hill
10/12/12 6:52 am

The wealthy do not spend anywhere near the same percentage of their income on consumption as middle class and especially poor people. That's one of the reasons capital gains tax is so important! Groceries, gas, and housing have a base level that affects everyone. The wealthy tend to invest the rest.

arborfamilia on top of the hill
10/12/12 6:48 am

@commonsense why do you only consider it punishing people when they make a LOT of money? Taxes aren't meant as punishment, they are meant to be a fair and equal way for everyone to contribute to the stability and growth of the nation.

arborfamilia on top of the hill
10/12/12 6:46 am

Sales taxes impact the poor at a significantly higher rate than the wealthy. Wealthy people so not, contrary to this inane "job creator" BS, actually spend an equally significant portion of their annual income. Most of it is INVESTED (hence this question), and therefore would not be taxed

arborfamilia on top of the hill
10/12/12 6:43 am

@salli7 That's an insulting misrepresentation of Democrats. I do have several savings accounts, and I look forward to paying the appropriate level of taxes on them when it's time to withdraw.

Complaining about the tax rate on retirement accounts isn't applicable if you are withdrawing early...

arborfamilia on top of the hill
10/12/12 6:40 am

@KianiWaters dude, if your state has both income and sales tax, that sucks, but that isn't a reason to say investments shouldn't be taxed. The wealthy pay a significantly lower portion of their income in sales tax than the poor.

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arborfamilia on top of the hill
10/12/12 6:38 am

This risk argument makes no sense at all. You're saying if people knew they were going to make less, they might not invest. But it's a risk! They don't know if they're going to make anything! How do additional (EQUAL) taxes factor in?