ECM on 24 September 2012
| Train wreck said: Capital gains income is generated from 4 main sources, Buying/selling of Stocks and bonds, buying and selling of precious stuff (like metals, art, coins, collectables) and land/real estate. Most people who make under $200,000 do not have those types of assets laying around, so eliminiating the capital gains tax for those income groups will have little material difference. |
Would it be possible for those of us in that limited categroy to, perhaps, keep our money? Thanks, I appreciate it.
(After all, if it isn't going to make much difference--about as good an argument to do away with these taxes as an other I've heard--I'd be thrilled to keep money that would otherwise go to feed a bloated Congressman and his tick on the body politic staff.)
