General Discussion

Honeycombe8

(37,648 posts)

48. There is no bill. There are several people talking about wanting to do this.

Fri Feb 1, 2019, 09:30 AM

Feb 2019

Warren. Kamala Harris.

But if it IS $50,000,000, I'm safe! My little account isn't doing THAT good!

But why not just raise the inheritance tax?

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The proposed "Wealth Tax." [View all] TomSlick Jan 2019 OP

I've also heard support for a capital gains tax increase and such. Honeycombe8 Jan 2019 #1

Wealth is determined by dumbcat Jan 2019 #3

I have no problems with a modification of the capital gains tax. TomSlick Jan 2019 #9

Well, there you go. A lot of middle class won't support that. Honeycombe8 Jan 2019 #11

It doesn't have to hit the middle class. PETRUS Jan 2019 #19

From your mouth to someone's ears. I won't support a tax that hits my investment account. Honeycombe8 Jan 2019 #20

"Don't Tax Me; Don't Tax Thee; Tax that Feller behind the Tree" brooklynite Feb 2019 #54

So put limits on how much the capital gains rate can be used TexasBushwhacker Feb 2019 #39

I'd go for that. Honeycombe8 Feb 2019 #40

Capital gains in retirement accounts are already tax sheltered. MarvinGardens Feb 2019 #51

We'd probably get a version TheFarseer Jan 2019 #2

That would defeat the purpose, TomSlick Jan 2019 #10

I know TheFarseer Jan 2019 #22

What Warren has in mind... Honeycombe8 Feb 2019 #46

Millions of middle class have stock investments. Some don't know it. Honeycombe8 Jan 2019 #13

Yeah but, TomSlick Feb 2019 #35

84% of all stocks are owned by the top 10% of Americans n/t TexasBushwhacker Feb 2019 #43

True. But half of American households own stock. Honeycombe8 Feb 2019 #47

You do know edhopper Jan 2019 #18

Well that would be good TheFarseer Jan 2019 #24

It will be edhopper Jan 2019 #27

There is no bill. There are several people talking about wanting to do this. Honeycombe8 Feb 2019 #48

That too edhopper Feb 2019 #52

Another Venue for Tax Revenue is a Tax on High Frequency Trades dlk Jan 2019 #4

There was some talk about this a few years ago Leith Jan 2019 #5

See the New Yorker article TomSlick Feb 2019 #36

Maybe. Do you have any stats on how many middle class people do day trading? Honeycombe8 Jan 2019 #16

Lots of info here: PETRUS Jan 2019 #23

I don't see stats there as to wealth of those who own mutual funds or stocks. ??? nt Honeycombe8 Jan 2019 #26

I know those links will answer your question. PETRUS Jan 2019 #32

I found it. Honeycombe8 Jan 2019 #33

See Post 35 above. TomSlick Feb 2019 #37

Define "middle class", I suspect it's somewhat procon Jan 2019 #31

It may vary, depending on where you live, don't you think? Honeycombe8 Jan 2019 #34

I actually wrote a paper on this in grad school TheFarseer Jan 2019 #25

We're already losing this battle. Calista241 Jan 2019 #6

Nevertheless, the idea warrants discussion. TomSlick Jan 2019 #12

Tax bills can be passed via the Senate's reconcilliation procedure DeminPennswoods Feb 2019 #41

It really is simple Lurker Deluxe Jan 2019 #7

Sen. Warren's plan includes - and is dependent upon - TomSlick Jan 2019 #14

So can we now call all other taxes "Poor Taxes" Greybnk48 Jan 2019 #8

I appreciate the sarcasm. TomSlick Jan 2019 #15

Is it Constitutional, on the federal level? Mariana Jan 2019 #17

That's an interesting question that hadn't occurred to me. TomSlick Feb 2019 #38

Property tax is only "sort of" related to value of the estate. JustABozoOnThisBus Feb 2019 #44

Some states have intangible property tax csziggy Jan 2019 #21

Just taxing billion- or millionaires isn't going to get the education, healthcare, retirement, Hoyt Jan 2019 #28

This is the elephant in the room everyone prefers not to notice. DFW Feb 2019 #49

Interesting perspective. Thanks. Hoyt Feb 2019 #53

It was an effective policy up until Reagan axed it. procon Jan 2019 #29

We also taxed corporations more TexasBushwhacker Feb 2019 #42

There could be a phase-in Turbineguy Jan 2019 #30

Not all European countries have it. DFW Feb 2019 #50

Has anyone read Thomas Piketty's Capital in the 21st Century? Roland99 Feb 2019 #45

Eisenhower's Tax Policies.....marginal tax rate of 91 percent workinclasszero Feb 2019 #55