Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $47,977
54%  
Woo hoo!! And we're now over 54%!! Thank you all very much for your continuing support!

Keyword: capitalgains

Brevity: Headers | « Text »
  • Tax Reform Watch: Don’t Call a Capital Gains Tax Hike ‘Reform’

    11/29/2017 8:03:30 AM PST · by SeekAndFind · 19 replies
    TAS ^ | 11/29/2017 | Robert S. Graham
    One of the best things that President George W. Bush accomplished in his eight years in office was a reduction in the capital gains tax. The capital gains tax had become a drag on investment, which discouraged people from putting their idle money to good use. Bush’s reduction in capital gains wasn’t just a cut, but effectively a genuine improvement in how we tax. The changes became incentives, which mobilized dormant or idle capital. More money was made available in the economy in the form of long-term investments. In short, it brought productive and willing capital for growth. Even with...
  • Grassroots Conservatives to Congress and the President – Don’t Raise the Cost of Investment

    01/30/2017 5:45:44 PM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 01/30/17 | Megan Barth
    Any tax increase that specifically targets private equity, venture capital, real estate and other long-term business investments is counterproductive to reaching that goal Margaret Thatcher reminded us that one of the problems with socialism is you “eventually run out of other people’s money,” but that doesn’t stop liberals like Senate Minority Leader Chuck Schumer (D-NY) from finding more sources. His latest crusade is an effort to increase taxes on investment income – namely carried interest capital gains. For several years Schumer opposed increasing capital gains on carried interest, but now, after declaring he will work with President Trump when he...
  • Hillary Clinton Cap-Gains Plan — We'll All Be Poorer

    07/30/2015 7:20:26 AM PDT · by SeekAndFind · 4 replies
    IBD ^ | 07/30/2015 | Stephen Moore
    What an economically deranged debate we have going on in the race for the Democratic nomination for president. In one corner is an unapologetic socialist, Vermont Sen. Bernie Sanders, who wants to raise individual income tax rates on the rich to 70% or more — apparently because it worked so well in the 1970s. In the other corner we have Hillary Clinton, who's decided she isn't going to be one-upped in the class warfare debate, announcing last week a plan to raise the capital gains tax rate to 42% on assets held for less than two years and for those...
  • Hillary’s Inconceivably Stupid Capital-Gains Tax Scheme

    07/25/2015 6:39:48 AM PDT · by SeekAndFind · 10 replies
    National Review ^ | 07/25/2015 | Larry Kudlow
    The worst sectors of the worst recovery since World War II are business investment in new plants and equipment and new business start-ups. These are the biggest job-creators, and their slump is a key reason for the sub-par labor recovery, with low participation rates and high numbers of involuntary part-time workers. So if investment is the problem, what does Hillary Clinton go out and do? She proposes jacking up the tax on investment. It’s almost inconceivably stupid. In her latest economic speech, Clinton proposes doubling the capital-gains tax rate on the profit made from asset sales (stocks, bonds, real estate)...
  • Obama’s Proposed Capital Gains Rate Hikes Will Hurt the Economy

    01/28/2015 3:30:42 PM PST · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 01/28/15 | Alan Joel
    Raising the capital gains rate will put a stranglehold on risk taking and available capital President Obama just told the country during his State of the Union address that he is going to increase the capital gains rate again in order to raise revenue for new spending programs. Given that Obama already knows that raising the capital gains rate actually REDUCES revenue, we are left with a President who believes that we can pay for increased spending by reducing revenue. He acknowledged this in 2008 during a televised debate against Hillary Clinton, but went on to state that rates should...
  • U.S. Has Highest Capital Gains Rate in World: Independent Accountants

    11/03/2014 4:32:11 PM PST · by Kaslin · 15 replies
    Townhall.com ^ | November 3, 2014 | Daniel J. Mitchell
    The Overwhelming Case against Capital Gains Taxation According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world.But if you donÂ’t trust the numbers from a big accounting firm, then you can peruse a study from the pro-tax Organization for Economic Cooperation and Development that reaches the same conclusion.But does this really matter? Is the United States harmed by having a high tax rate?The Wall Street Journal certainly makes a compelling case that high tax rates on capital gains are self-destructive.And this remarkable chart shows that workers...
  • What is Capital Gains ?

    02/13/2014 4:06:57 AM PST · by knarf · 23 replies
    self | Februry 13, 2014 | knarf
    I recently posted some money I got from a gas well near me ...
  • Taxing Stock Sales Will Hurt the Stock Markets

    12/06/2012 8:55:44 AM PST · by SeekAndFind · 8 replies
    IBD ^ | 12/06/2012
    Our ever-expanding government and its enablers will tax everything that moves - and everything else. Their newest idea - taxing stock sales - ultimately hurts not the rich, but those who seek jobs. Democratic Rep. Peter Welch of Vermont, a senior member of the House Oversight and Government Reform Committee's subcommittee on financial services, wants Uncle Sam to start taxing stock transactions. Interviewed by disgraced ex-New York Gov. Eliot Spitzer - also known as "Client No. 9" - about imposing "a tiny little tax when stocks are traded on Wall Street" to "raise a huge sum of money and it...
  • IRS aims to clarify investment income tax under healthcare law

    12/03/2012 7:37:40 PM PST · by Beave Meister · 17 replies
    Reuters ^ | 12/3/2012 | Patrick Temple-West
    (Reuters) - The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law. The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income. The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI. The tax applies to a broad range of...
  • Obama's Most Dangerous Tax Hike: Savings and Investments

    12/02/2012 2:59:12 AM PST · by Kaslin · 22 replies
    Townhall.com ^ | December 2, 2012 | Kevin Glass
    President Obama proposed tax hike contains a lot to dislike, but what hasn't gotten much attention is the tax hike on savings and investments. While the marginal income tax rate will rise from 35% to 39.6% for top income-earners and small business owners, the proposed tax hike on capital gains and dividends could cause the most long-term economic damage. That's not to downplay the rise in marginal rates. It could cost hundreds of thousands of jobs over the next few years. More universally acknowledged by economists, however, is the economic harm that savings and investment taxes do. In the Tax...
  • Wealthy Dump Assets Amid Worries About Going Over 'Cliff'

    11/12/2012 5:23:35 PM PST · by Innovative · 25 replies
    CNBC ^ | Nov 12, 2012 | Robert Frank
    Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes. If the Bush-era tax cuts expire, taxes on capital gains would revert back to its previous rate of 20 percent from its current 15 percent. Another 5 percent may be added from health-care levies and changes in itemized deductions, bringing the rate to 25 percent for many high earners. Taxes on dividends could go from 15 percent to over 43 percent. And...
  • EU: French business erupts in fury against "disastrous" Hollande

    10/15/2012 10:17:08 PM PDT · by bruinbirdman · 18 replies
    The Telegraph ^ | 10/15/2012 | Ambrose Evans-Pritchard
    France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned. Francois Hollande is tightening fiscal policy by 2pc of GDP next year to meet EU deficit targets “The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF. “The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. It’s becoming really dramatic.” MEDEF, France’s equivalent of the CBI,...
  • French business erupts in fury against "disastrous" François Hollande

    10/16/2012 6:51:02 AM PDT · by LucianOfSamasota · 33 replies
    The Telegraph ^ | 15 Oct 2012 | Ambrose Evans-Pritchard
    France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned. “The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF. “The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. It’s becoming really dramatic.” MEDEF, France’s equivalent of the CBI, said the threat has risen from “a storm warning to a hurricane warning”, adding that the Socialist...
  • Thomas Sowell: A Lesson on Capital-Gains Taxes (Something even Warren Buffet must learn)

    10/03/2012 5:08:41 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 10/03/2012 | Thomas Sowell
    One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate. How are capital gains different from ordinary income? Ordinary income is usually guaranteed. If you work a certain amount of time, you are legally entitled to the pay that you were offered when you took the job. Capital gains involve risk. They are not guaranteed. You can invest your money and lose it all. Moreover, the...
  • Freep a Poll! (should 15% long term capital gains tax be raised?)

    10/02/2012 2:25:43 PM PDT · by dynachrome · 15 replies
    www.kiplinger.com ^ | Kiplinger newsletter
    Some budgeteers argue that the 15% tax rate on long-term capital gains should be raised as part of efforts to cut the federal deficit. Do you agree? Yes. This is the primary reason that income inequality has grown in the U.S. No. A low capital gains rate is the key to encouraging investment in our economy. Not sure
  • Capital Gains Taxes

    10/01/2012 10:08:44 AM PDT · by jazusamo · 21 replies
    Creators Syndicate ^ | October 2, 2012 | Thomas Sowell
    One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate. How are capital gains different from ordinary income? Ordinary income is usually guaranteed. If you work a certain amount of time, you are legally entitled to the pay that you were offered when you took the job. Capital gains involve risk. They are not guaranteed. You can invest your money and lose it all. Moreover, the...
  • Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan's Plan

    08/11/2012 4:38:44 PM PDT · by moonshot925 · 35 replies
    The Atlantic ^ | 11 August 2012 | MATTHEW O'BRIEN
    Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years -- or any of the years after that. Now, do I know that that's true. Yes, I'm certain. Well, maybe not quite nothing. In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from...
  • How the Richest 400 People in America Got So Rich

    07/12/2012 9:12:25 PM PDT · by Beave Meister · 11 replies
    The Atlantic ^ | 7/6/2012 | Derek Thompson
    In 1992, the 400th richest person in America made $24 million. In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted). Now, that almost certainly wasn't the same guy. There's a lot of churn at the top of the money pyramid. In all of the 1990s, only 25% of the Fortunate 400 made more than one appearance. But the overall message is the same. The rich keeping getting richer. According to the IRS, which recently released 2009 data from the 400 richest individual income tax returns, the real runaway growth in wealth has come from...
  • Obam's "Populist" Tax Platform Puts Retirees at Risk

    07/10/2012 5:59:56 AM PDT · by Innovative · 4 replies
    Yahoo Finance ^ | July 10, 2012 | Josh Brown
    President Obama on Monday reiterated his push to extend the Bush Tax cuts for the middle class but not the 2% of U.S. households making more than $250,000. But millions of middle class Americans are at risk of higher taxes if no action is taken before Jan. 1, notes Josh Brown, vice president of Fusion Analytics and author of The Reformed Broker blog. Specifically, Brown is concerned about the sharp rise in taxes on dividends and capital gains that will occur as part of the so-called fiscal cliff -- or "taxmageddon" if you prefer. If Congress fails to act, the...
  • Capital Ideas

    04/14/2012 5:40:56 AM PDT · by fporretto · 1 replies
    Liberty's Torch ^ | April 14, 2012 | Francis W. Porretto
    In the ongoing presidential campaign, we may expect a handful of broad themes to receive the overwhelmingly greater fraction of the Democrat propagandists' efforts: "Republican war on women" "The 1%" "Fairness" The "fairness" canard is, of course, aimed at cowing the GOP's Congressional caucus, its candidates, and the electorate into bowing to higher taxation. In this connection, the Democrats' dominant meme has been that "millionaires and billionaires" are somehow evading paying their "fair share" of federal taxes, and that this contributes to the immense Obamunist deficit. Let's see if I can make this as striking as it always was at...