| 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. |
Maybe without the capital gains tax it will encourgage income earners under $200K to invest their money in more riskier investments knowing they will not have to pay tax.
After the GFC people are less likely to invest rather than putting their money in the bank especially those on lower incomes and therefore this capital gains tax threshold would be beneficial for improving the economy and helping lower income earners accumulate capital.
This is the Game of Thrones
Where you either win
or you DIE
