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Obama and Capital Gains - Double Standards?
jotnow.net — Whatever the way one may argue for or against this idea, I strongly believe, raising the capital gains tax will not help middle class. Read more...
coug1ar- 5 diggs
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- cashman57, on 05/15/2008, -0/+2Obama proved he was an economic mental midget with this stupid plan to increase taxation and spending and adding to the staggering debt.
Clearly he never took an economics class or he had someone else do the assignments for him because what he is proposing is a recipe for disaster. - psibladeZX, on 05/15/2008, -0/+1If he really wanted to help the middle class in america, he wouldnt be doing this. He could implement a more complicated strategy of increasing the cap gains tax rate on individuals making more than xxx amount. But when most people in the middle class are trying to save for retirement by investing in a 401k, IRA, or any other type of investment vehicle... he should not increase the tax on those people.
- cashman57, on 05/15/2008, -0/+1It is wrong to tax people for trying to take care of themselves and by saving and investing. The problem with putting a dollar amount in there is the fact that inflation will take that tax from the rich to the middle class just like the AMT did.
It won't work, can't work, and has been proven a failure.
- cashman57, on 05/15/2008, -0/+1It is wrong to tax people for trying to take care of themselves and by saving and investing. The problem with putting a dollar amount in there is the fact that inflation will take that tax from the rich to the middle class just like the AMT did.
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