General Discussion

ErikJ

(6,335 posts)

8. Dividends top tax rate only 20%

Tue Jul 23, 2013, 12:52 PM

Jul 2013

they make massive money from dividends but theyre only taxed 20% on that (if that!) Same with their cap gains.

But some European countries actually DO have a wealth tax of about 1% or so. So we could think about that too.
But the wealthiest 400 probably make a million a day in dividends alone. So taxed at say three times higher than now would eventually help to even out the record wealth and income gap we have now.

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11 Shocking Things The Richest Americans Could Do For The Country (But Never Would) [View all] DainBramaged Jul 2013 OP

I hate shit like this Dreamer Tatum Jul 2013 #1

The point is that their taxes are way, way too low. ErikJ Jul 2013 #2

Fair point. Dreamer Tatum Jul 2013 #3

If theyre not careful ErikJ Jul 2013 #4

I get that, but how a peasant takes 100,000 shares of AAPL is questionable. Dreamer Tatum Jul 2013 #6

Dividends top tax rate only 20% ErikJ Jul 2013 #8

I agree with you adieu Jul 2013 #16

Historically low since when? Spider Jerusalem Jul 2013 #13

Since WW1 when the top tax rate was 77% on BOTH ErikJ Jul 2013 #14

Interesting, but the wrong way to go about it Kelvin Mace Jul 2013 #5

I think this is more a description of the problem truebluegreen Jul 2013 #12

Warren Buffett erpowers Jul 2013 #7

"Investing in small businesses " DainBramaged Jul 2013 #11

Approach a local Chamber of Commerce adieu Jul 2013 #17

My Plan erpowers Jul 2013 #18

some one time (i.e. temporary) fixes alc Jul 2013 #9

I think this sort of argument ends up promoting the RW line about "confiscating wealth"... JHB Jul 2013 #10

It might be the only way is to threaten them with confiscating ErikJ Jul 2013 #15

K & R Scurrilous Jul 2013 #19

Wow Pablo Guachupita Jul 2013 #20