I, too, have an opinion on the capital gains tax. It should be taxed at the same rate as income. We can let them keep the exception on the first half million in profit because I’m feeling nice today.
Or a simple .01 cent financial transaction tax. Absolutely no effect on the average person, a huge way to raise revenue from bankers and stock traders.
I, too, have an opinion on the capital gains tax. It should be taxed at the same rate as income. We can let them keep the exception on the first half million in profit because I’m feeling nice today.
It’s actually higher in many scenarios.
What needs to be taxed like income is loans against the stocks
Or a simple .01 cent financial transaction tax. Absolutely no effect on the average person, a huge way to raise revenue from bankers and stock traders.
Agreed, or just a minimum amount of time that stocks can be owned to kill the high-frequency traders.
Oh yeah that’s right. I forgot about Buy, Borrow, Die.
I agree, though I’d have to do something thinking about the exact right way to implement a tax on that kind of behavior.
Tax idle stock while you’re at it. 1% per share, per current price, per quarter.