Why are capital gains taxed?

Anarchist420

Diamond Member
Feb 13, 2010
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I think it's because special interests want them to be taxed.

If they were exempted from taxation, then the dollar would be stronger and if legal tender were repealed too... then middle class families could build their savings up.

Due to legal tender and capital gains being taxed, stocks and bonds are favored along with CDs.

Wouldn't it be better if capital gains were not taxed?
 

the DRIZZLE

Platinum Member
Sep 6, 2007
2,956
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I think it's because special interests want them to be taxed.

If they were exempted from taxation, then the dollar would be stronger and if legal tender were repealed too... then middle class families could build their savings up.

Due to legal tender and capital gains being taxed, stocks and bonds are favored along with CDs.

Wouldn't it be better if capital gains were not taxed?

They are taxed because they are income, and we have decided that income should be taxed.
 

Demo24

Diamond Member
Aug 5, 2004
8,356
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I think it's because special interests want them to be taxed.

If they were exempted from taxation, then the dollar would be stronger and if legal tender were repealed too... then middle class families could build their savings up.

Due to legal tender and capital gains being taxed, stocks and bonds are favored along with CDs.

Wouldn't it be better if capital gains were not taxed?


How exactly does one 'build up savings' if you repeal legal tender. o_O
 
Apr 27, 2012
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Capital gains should NOT be taxed,it is a form of income and the income tax shouldn't even exist because it presumes the government has a higher right to your property than you do.
 
Apr 27, 2012
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Good fucking Christ, you start the stupidest threads.

If the thread is so stupid then why would you post in it and thereby give the op more attention and bump the thread?

The OP brings up an important issue that too many people dont want to talk about.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
I think it's because special interests want them to be taxed.

If they were exempted from taxation, then the dollar would be stronger and if legal tender were repealed too... then middle class families could build their savings up.

Due to legal tender and capital gains being taxed, stocks and bonds are favored along with CDs.

Wouldn't it be better if capital gains were not taxed?

How would the dollar be stronger?

So you don't consider stocks, bonds or CDs as "savings"?
 

Cerpin Taxt

Lifer
Feb 23, 2005
11,940
542
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If the thread is so stupid then why would you post in it and thereby give the op more attention and bump the thread?

The OP brings up an important issue that too many people dont want to talk about.

You're about the only person that's more of a joke on this forum than the OP. Nobody takes anything you say seriously.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,329
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They are taxed because they are income, and we have decided that income should be taxed.

Supply and demand silly.

Demand of which we will have an absurd amount of and the supply of which is controlled largely by countries and entities that don't like us and/or can make a buck out of our pain. Don't worry though, it really is a great and very well thought out idea.......
 

Cerpin Taxt

Lifer
Feb 23, 2005
11,940
542
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The only reason people think I am a "joke" is because I speak the truth and they dont like this.

Or the more obvious conclusion is that people think you are a joke simply because you are a fucking joke. I mean this in all seriousness: You are totally unhinged, and very, very little if what you believe has any reflection in reality.
 

Acanthus

Lifer
Aug 28, 2001
19,915
2
76
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I think it's because special interests want them to be taxed.

If they were exempted from taxation, then the dollar would be stronger and if legal tender were repealed too... then middle class families could build their savings up.

Due to legal tender and capital gains being taxed, stocks and bonds are favored along with CDs.

Wouldn't it be better if capital gains were not taxed?

It should all be taxed as income, really.

I'm all for eliminating the capital gains tax and taxing all income as just that, income, regardless of the source.
 

Brigandier

Diamond Member
Feb 12, 2008
4,394
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Amendment XVI, unfortunately.

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

Up until then, taxes collected were split between states.
 

piasabird

Lifer
Feb 6, 2002
17,168
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CD's and bonds are hardly even favored they are earning very low interests rates. Banks get their money for almost free, so the average citizen can not hardly earn any money in interest in any way. When the interest rate is .?? how is that a good deal?

You have to know what stocks represent. Some company wants to earn money so they sell stock to their investors (Stock Holders). Money is earned in two ways. One way is in dividends paid by stock, and the other way is by the stock increasing in value. If you can sell a stock for more than you invested in it, that is a capital gain.

However, the USA Stock exchanges are not the only stock exchanges available. If an investor is forced to pay a higher tax on his capital gain, then maybe he will invest somewhere else. This is where the USA must understand that investors are playing on an international stage. The USA no longer sets all the rules. Investors can also live in any country or island paradise they see fit. However, for the present often American Companies (Most are international) are often the best to invest in.

So what do you plan on using for money? Do you trade cows for a car or what? Get real here. Get a grip man!
 
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Triumph

Lifer
Oct 9, 1999
15,031
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Isn't anarchist the guy that doesn't even have a job and still lives with his parents?