Millionaire tax! America only for now, so the rest of you millionaires in other coutries are safe!!!

[Ail]

Kasz216 said:

Ail said:

Kasz216 said:

Ail said:

For tax purpose they are actually not that riskier as you can take advantage of capital losses to reduce your tax rate ( don't sell during a bad market year, keep some investments around till the next year and then sell some of those loosing investments to offset any gain you might make that good year..

Except... you can't if the Buffet Rule passes... since you have to pay atleast a 25% or 28% tax rate.

Sure you can, even with the Buffet rule because offseting gains with losses doesn't reduce tax rate per say, it reduces income. The thing on which the 25-28% applies......

The Buffet Rule is talking about a Minium tax rate.

You aren't allowed deductions on a minium tax rate.  That's the whole point of having a minium tax rate.

Obama's been talking about reducing tax deductions for the rich for years.  This is a way to do that.

Where am I talking about deduction ?

Do you actually know how capital gain work ?

All I am saying is that capital investments are not as risky as HappysQuirrel make it seem as you can offset capital gains with capital losses, there is nothing in the current proposal by the US government aimed at changing this. This is the same all over the world...