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To: SeekAndFind

The Tax Foundation ran the numbers a few years ago and found that the average effective tax rate on real, inflation-adjusted capital gains is 42.5% — or nearly double the current advertised top rate.

There’s no question that this unfair tax needlessly distorts the economy. One obvious impact is that it locks up too much capital. Who wants to sell stock at a loss and then pay a huge tax bill?

At the same time, it discourages long-term investing because the tax rate on those gains will be higher.


2 posted on 08/01/2018 9:01:02 AM PDT by SeekAndFind
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To: SeekAndFind

They also need to do something about that AMT. It was devised at a time where if you made $100k a year you were rich. In some areas that’s not enough to afford your own home now.

It should have been tied to inflation decades ago.


3 posted on 08/01/2018 9:03:30 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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