PoliCHARTZ - Thread of U.S. Politics & the Presidential Election

[Final-Fan]

Kasz216 said:

Final-Fan said:

Kasz216 said:

Final-Fan said:

Kasz216 said:

Final-Fan said:

Kasz216 said:

Final-Fan said:

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Makes sense to me as for taxing the stocks.  Though i'd think you'd want to do it with buying not selling if you were going for the fairness angle.

As for the second arguement... by that line of reasoning it would suggest that the best tax method would be to tax the rich exclusivly.

Also to tax them on savings and not spending... since Warren Buffet is going to be less harmed by his taxes then Bill Gates since Warren Buffet doesn't have expensive tastes.

At what level do you consider the 200,000 person hurt as much as the 20,000 person?  When they have an equal amount of money?  If not... what level do you consider equal... and how do you reach said number?

(1) That might be the proposal, I don't know.  They'll probably just jack up the price by a computer program to make the buyer pay anyway.  

(2) I don't understand how you got there from my post.  I don't recall stating or suggesting any such thing, and I'm not in favor of it. 

(3) I don't think that taxing savings is a good idea by any means, except the estate tax which only takes it after you die and only if you have a ton of it. 

(4) I'm not sure.  Of course not, you're being silly on purpose (I hope).  I'm not sure exactly where it breaks, and anyway people lead different lives so you could never have it perfect.  IMO a progressive income tax is the best way to get as close as we reasonably can.  According to a calculator I found a person making $500k would owe about 30% of it overall in income tax, and I think it could stand to be higher by Obama's proposed rate (which prevailed in the 1990s). 

I also think that we could add a new top bracket at $1 million or something with a marginal rate of 50% without any of the doom and gloom that would inevitably be predicted, not that I think it's likely to happen. 

P.S.  Why is the capital gains tax lower than the income tax? 

[edit:  Some time ago I made posts talking about, among other things, a study that compared the tax burden on top 1% of earners, top 5%, bottom 50%, etc. to their wealth.  I believe it used the older rate but I could be wrong.  Would you like me to dig that up?  We could start a side thread on this topic if you like, I keep being afraid of derailing this one's purpose.]