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  • It's income and should be taxed

    There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.

  • There Should Be a Tax On Capital Gains

    Capital gains taxes are good for the welfare of all citizens. Tax revenue is the foundation of a successful society. That source of government revenue goes towards social programs and the advancement of society as a collective unit. Furthermore, it prevents people from becoming grossly rich, if you make billions you should have to give some back.

  • Capital gains taxes are different from normal taxes.

    Capital gains taxes are taxed separate from your normal taxes. If we get rid of capital gains taxes, you get taxed for the money you get through stocks and bonds along with your normal income. This is devastating to people who make less money. Your taxes go up as you make more money, but if we keep the capital gains taxes then normal taxes and capital gains taxes are separate.

  • No. Less sale, Less employment, Less investment, and completely unfair.

    Less sale. Capital gains tax will reduce the amount of sales because many people will reduce the amount of assets they sell to avoid capital gains tax. Less employment because if you increase capital gains tax, it will just take away the extra money which you can work which is a form of double taxation. So why would people work that hard and much if they are going to loose a lot of their money anyway. Less investment because you get taxed on investments too. Take an example. Guy 1 has $100 and Guy 2 has $100. They are the same in everyway but Guy 1 decides to spend his money and Guy two saves and invests. Let’s say the regular tax rate is 20%, the two will result having $80 after tax cuts. Then Guy 1 spends all his money and Guy 2 invests and now, has $90 instead of $80 from investments. Let’s say the Capital gains tax rate is 10%, then Guy 2 will have to pay $9 on investments. It is unfair that Guy 1 only pays a total of $20 and Guy 2 pays $20+9=$29. This will discourage investments and big sales because you are double taxed and you earn less money.

  • Income is Income

    A capital gain is still income. Until Congress repeals income taxes, paying mandatory taxes to the U.S. Treasury is a way of life in America. Capital gains is regarded as an investment in another company. If there are alternate forms of taxes to be collected, then eliminating the capital gains tax is a good idea.

  • Yes, money that makes money still uses the system.

    If you live in a society that allows you to invest and grow your wealth, you owe dues to that society in the form of taxes. Your investments are protected by the courts, and the businesses that grow do so because of the infrastructure, education, and other groundwork that was laid down by taxpayers before you. Even if you got rich due in part to your own hard work, you still owe society because no one truly makes it alone. That is a myth perpetrated by people who do not see the big picture.

  • We affirm; resolved: the U.S. should abolish Capital Gains Taxes.

    Rip if you're from PF debate b/c me 22. Anyway I feel like there should not be capital gains taxes because it creates a lock in effect, reduces global competitiveness, decreases incentive to invest and save money, lowers entrepreneurship chances, etc. Besides, switzerland's economy went up 3% after they abolished capital gains taxes!!

  • They penalize people in certain professions.

    Capital gain taxes unfairly penalize people in certain professions. For example, writers and artists often work on a piece for several years before they have a product to sell. They may have received no income while they were working on their piece. If someone has been working on a book for 3 years with no income, and then cells the book, they shouldn't have to pay the same tax as someone who had a yearly income. They need to save this money in order to live while they're working on their next book or piece of art.

  • They penalize people in certain professions.

    Capital gain taxes unfairly penalize people in certain professions. For example, writers and artists often work on a piece for several years before they have a product to sell. They may have received no income while they were working on their piece. If someone has been working on a book for 3 years with no income, and then cells the book, they shouldn't have to pay the same tax as someone who had a yearly income. They need to save this money in order to live while they're working on their next book or piece of art.

  • There should not be a tax on capital gains

    If people are not taxed on capital gains, they would spend their money on things like increasing business growth. This would decrease our country's employment rate. Switzerland has no capital gains tax and they have a much lower unemployment rate than we do, so we should get rid of it.

  • No Capital Gains

    It is obviously double taxation. You already pay income tax; the government should not get some of the profits you make from an already taxed income. The government should also not get some of the profits from a risk you, not the government, took. Abolish the capital gains tax now!

  • No Capital Gains

    It is obviously double taxation. You already pay income tax; the government should not get some of the profits you make from an already taxed income. The government should also not get some of the profits from a risk you, not the government, took. Abolish the capital gains tax now!

  • No. Less sale, Less employment, Less investment, and completely unfair.

    Less sale. Capital gains tax will reduce the amount of sales because many people will reduce the amount of assets they sell to avoid capital gains tax. Less employment because if you increase capital gains tax, it will just take away the extra money which you can work which is a form of double taxation. So why would people work that hard and much if they are going to loose a lot of their money anyway. Less investment because you get taxed on investments too. Take an example. Guy 1 has $100 and Guy 2 has $100. They are the same in everyway but Guy 1 decides to spend his money and Guy two saves and invests. Let’s say the regular tax rate is 20%, the two will result having $80 after tax cuts. Then Guy 1 spends all his money and Guy 2 invests and now, has $90 instead of $80 from investments. Let’s say the Capital gains tax rate is 10%, then Guy 2 will have to pay $9 on investments. It is unfair that Guy 1 only pays a total of $20 and Guy 2 pays $20+9=$29. This will discourage investments and big sales because you are double taxed and you earn less money.

  • No. Less sale, Less employment, Less investment, and completely unfair.

    Less sale. Capital gains tax will reduce the amount of sales because many people will reduce the amount of assets they sell to avoid capital gains tax. Less employment because if you increase capital gains tax, it will just take away the extra money which you can work which is a form of double taxation. So why would people work that hard and much if they are going to loose a lot of their money anyway. Less investment because you get taxed on investments too. Take an example. Guy 1 has $100 and Guy 2 has $100. They are the same in everyway but Guy 1 decides to spend his money and Guy two saves and invests. Let’s say the regular tax rate is 20%, the two will result having $80 after tax cuts. Then Guy 1 spends all his money and Guy 2 invests and now, has $90 instead of $80 from investments. Let’s say the Capital gains tax rate is 10%, then Guy 2 will have to pay $9 on investments. It is unfair that Guy 1 only pays a total of $20 and Guy 2 pays $20+9=$29. This will discourage investments and big sales because you are double taxed and you earn less money.

  • Stop stealing from the citizen

    Taxing someone because they were wise with investments is flat-out theft. The citizen shouldn't be held liable due to poor financial management of the government with every other tax they generate. The government needs to go to a flat tax and end all of the other nonsense taxes...Since we will never get to the point of zero taxes.

  • Americans will need to maximize their income in the coming years.

    The 401k was never meant to be a primary retirement product and will fail miserably as more and more persons enter retirement, relying heavily on their 401k's for income. Therefore it behooves the IRS encourage the best financial outcome possible for investors of other products to help shore up the inevitable 401k revenue gap.


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