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1939

(1,683 posts)

15. I would

Reply to Wounded Bear (Reply #6)

Wed May 6, 2015, 08:03 AM

May 2015

I would tax very short term capital gains (less than six months) at a higher rate than ordinary income to eliminate day trading and churning. I would treat any gains held less than two years as ordinary income. After two years, I would adjust downward the percentage of gains subject to tax with a total phase out at fifteen years. This would encourage long term investing as opposed to trading.

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Higher taxes on the wealthy should mean bringing back the FDR era's progressive tax rates [View all] AZ Progressive May 2015 OP

K&R..... daleanime May 2015 #1

You have to take into account the rates on cap gains which were much lower. okaawhatever May 2015 #2

Regardless, the tax system gives the government the ability to encourage certain behaviors... AZ Progressive May 2015 #3

True, which is why duplicating the past 90% on earnings and 7% on capital gains is a bad idea. It is okaawhatever May 2015 #4

Those top tax rates were for people making on average over a million dollars a year AZ Progressive May 2015 #7

One of the biggest mistakes 1939 May 2015 #12

It's a brilliant idea AgingAmerican May 2015 #8

She referred to FDR years. When FDR was in office the rate was 12.5% but you didn't have to pay okaawhatever May 2015 #9

How? kentuck May 2015 #5

I disagree on the details... Wounded Bear May 2015 #6

I would 1939 May 2015 #15

I could live with that... Wounded Bear May 2015 #16

Agree 1939 May 2015 #17

Those tax rates have next to nothing to do with the postwar boom. Spider Jerusalem May 2015 #10

You can have a booming economy but without things like the high top tax rate... AZ Progressive May 2015 #11

Even the 70% top rate in effect when Reagan started would be a vast improvement. pampango May 2015 #13

It's not simply the rate. Real progressivity has to be re-established too JHB May 2015 #14