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kentuck

(115,494 posts)
Tue Jul 24, 2012, 04:01 PM Jul 2012

Would you rather see the capital gains rate go to 25% or...? [View all]

the income tax rate on the wealthy go to 39%?

At the present time, most of the truly wealthy pay the tax rate of 15% or less. Most of their money is in capital gains investments.

However, we hear very little about this. Mostly we hear about the top rate going from 36% to 39% on those making more than $250,000 per year.

But if the capital gains was taxed at 25% instead of 15%, the wealthy would be paying a lot more in taxes from their capital gains than from a measly increase in the top income tax rate.

Shouldn't we be talking more about raising the capital gains rate and less about raising the income tax rate. since they have their money in capital gains?

It's like moving around a peanut shell on a table. Don't look at the shell under the bucket...

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Both. louis-t Jul 2012 #1
"Unearned income" should be taxed at the same rate as earned income according to your bracket... rfranklin Jul 2012 #2
I would agree.. kentuck Jul 2012 #4
+1 denverbill Jul 2012 #10
Are you referring to unrealized capital gains, HooptieWagon Jul 2012 #15
Realized income... rfranklin Jul 2012 #20
Then I would agree with you. HooptieWagon Jul 2012 #22
Both. Zen Democrat Jul 2012 #3
Tax capital gains as income, on a progressive basis. PDJane Jul 2012 #5
+1, but.... HooptieWagon Jul 2012 #17
Both, but if I had to choose one lovemydog Jul 2012 #6
I want all types of income taxed at the same rate, so let's go with 39%. sinkingfeeling Jul 2012 #7
Capital Gains Should Be Raised, Sir The Magistrate Jul 2012 #8
Agreed, and same for dividends. HooptieWagon Jul 2012 #18
"The total effective rate on capital gains would then be 25 percent." Make7 Jul 2012 #9
I would be interested in seeing the numbers joeglow3 Jul 2012 #11
Here is some food for thought the money people make from their IRAs doc03 Jul 2012 #12
Only for rich people. No sense raising my capital gains rate and all of the other average investors cbdo2007 Jul 2012 #13
Dividends and short term capital gains should be taxed same as wages. HooptieWagon Jul 2012 #14
There should be no capital gains rate... orwell Jul 2012 #16
Raise everything, but add "loopholes" Spike89 Jul 2012 #19
Both. David Zephyr Jul 2012 #21
Both. Income is income. Nt xchrom Jul 2012 #23
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