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Everybody's Doing It: Abolish The Capital Gains Tax
GOPUSA ^ | April 17, 2006 | Rod D. Martin

Posted on 04/17/2006 12:38:25 PM PDT by Tolerance Sucks Rocks

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To: Man50D
NOPE, in BOTH cases.

i'm a dixie patriot who despisaes the DAMNyankees who HATE our southland, our battleflags, our cemeteries & memorials to our WBTS dead, our separate culture & our fine dixie citizens.

only 10-15% of northerners are DAMNyankees, but they are a REALLY hate-FILLED,arrogant, ignorant, RUDE, angry & LOUD-mouthed bunch of LOUTS!

free dixie,sw

61 posted on 04/18/2006 2:40:54 PM PDT by stand watie ( Resistance to tyrants is OBEDIENCE to God. -----T.Jefferson)
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To: ovrtaxt
rotflmRao!

free dixie,sw

62 posted on 04/18/2006 2:41:51 PM PDT by stand watie ( Resistance to tyrants is OBEDIENCE to God. -----T.Jefferson)
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To: groanup
since our CSA currency is worth 5-10 times MORE than it's face value in US currency, you SHOULD save it.

free dixie,sw

63 posted on 04/18/2006 2:43:05 PM PDT by stand watie ( Resistance to tyrants is OBEDIENCE to God. -----T.Jefferson)
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To: Tolerance Sucks Rocks

economic merits aside, that's going to be a tough sell in today's environment. All somebody has to do is say the name, "Exxon," and Congressmen will be scared to death of voting for it.


64 posted on 04/18/2006 2:45:21 PM PDT by kms61
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To: stand watie

At least there's some gold behind our currency. (It's there we just can't find it at the moment.)


65 posted on 04/18/2006 3:13:21 PM PDT by groanup (Shred for Ian)
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To: Bigun

As long as the FairTax is no more than 10 percent (rather than the onerous 30 percent exclusive figure being trotted out), I'm willing to consider it. If government actually concentrates on its CONSTITUTIONAL duties and abolishes all the other stuff, 10 percent should be an easy sell.


66 posted on 04/18/2006 4:17:40 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: piytar

Yes, repealing the 16th would be a good prerequisite to establishing a national sales tax.


67 posted on 04/18/2006 4:18:19 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: MBB1984

I would prefer that the federal capital gains tax be no more than 10 percent. That should help boost venture capital outlays.


68 posted on 04/18/2006 4:20:39 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: irishtenor
What more could a man want? :>)

A lovely wife who doesn't nag you a lot?

69 posted on 04/18/2006 4:21:39 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: HarmlessLovableFuzzball
Taxes should be 2% for the "poor" and 5% for the "rich". Now am I being too radical here ?

Let's average it out: a 3.5 percent flat tax, anyone?

70 posted on 04/18/2006 4:22:38 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: Moonman62
Sure we could, but why bother? The Federal Reserve hates all those things and would do whatever it takes to stop it.

Another round of rate hikes, coming up!

71 posted on 04/18/2006 4:26:57 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: Pete from Shawnee Mission
OK, lets tax corporate profits by 38%, then, tax dividends (distributions of the remaining profit amount) at, say, the upper bracket rate of what, 28%? Where are we? Oh, about 66% tax on the same earnings! Then, if you make money with a gain on the stock we tax it again, but if you lose, you can only deduct $3000 of the loss.

OK, now, relax and drink lots of coffee. Also, when the hangover arrives, a little hair of the dog that bit you, or so I've heard.

72 posted on 04/18/2006 4:30:21 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: ran15
Intersting that China has no capital gains tax... helps to explain their incredible capital creation right now.

That and the fact that when they want a piece of land developed, they can simply destroy the homes that are on it. It makes our own eminent domain scandals look like child's play!

73 posted on 04/18/2006 4:33:59 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: Tolerance Sucks Rocks

There is truth in that. Eminent domain has its advantages, especially for urban development. I know most freepers are against it, but I can see especially for a densely populated area which China has a lot of, the advantages


74 posted on 04/18/2006 6:40:34 PM PDT by ran15
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To: ran15
There is truth in that. Eminent domain has its advantages, especially for urban development. I know most freepers are against it, but I can see especially for a densely populated area which China has a lot of, the advantages

Tell that to all the people being thrown out of their homes.

75 posted on 04/18/2006 6:47:26 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: Tolerance Sucks Rocks

Got that. How about a little extra meat on the plate at dinner, and a ball game on the telly?


76 posted on 04/19/2006 5:53:14 AM PDT by irishtenor (We survived Clinton in the 80s... we can survive her even when her husband is gone.)
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To: Tolerance Sucks Rocks

I'd be for that too so long as you can show us the 10% (whatever base that might be on) is both revenue neutral and includes the prebate.

Let's get it passed.


77 posted on 04/19/2006 7:59:11 AM PDT by pigdog
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To: Tolerance Sucks Rocks

Not needed as a prerequisite since the FairTax bill eliminates income/payroll (and some other) taxes, does away with the IRS, and requires the income tax records to be destroyed. It also calls for repeal of the 16th, but that repeal bill cannot be part of a tax bill (or a spending bill for that matter).


78 posted on 04/19/2006 8:01:22 AM PDT by pigdog
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To: Tolerance Sucks Rocks

Great ... the FairTax has a capital gains rate of 0%. glad to hear you're with us.


79 posted on 04/19/2006 8:02:22 AM PDT by pigdog
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To: Tolerance Sucks Rocks
And while you're at it, check out some of the flat tax problems (any flat tax) as shown in this post.
80 posted on 04/19/2006 8:04:20 AM PDT by pigdog
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