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I mean seriously, are you people drinking the leftist Kool-Aid that much? Anyone can own stock or sell investment property. If you sell your house withing a certain time period of owning it, you are subject to capital gains tax. You think only rich people own homes?? You leftists are so completely gone it’s sad.

4 Thoughts on What kind of ignoramous thinks that an increase in capital gains tax only affects the rich?
  1. Reply
    Thomas SR
    August 8, 2011 at 8:12 am

    The liberal kind. They are clueless about how the economy works in this country.

  2. Reply
    Linda L
    August 8, 2011 at 8:48 am

    What ignoramus thinks that Palin will pull any Clinton vote? Hey, by the way, did you mis-spell “ignoramous”?

  3. Reply
    Comrade Coleman
    August 8, 2011 at 8:51 am

    Try answering why capital gains tax should be lower than ordinary income tax and your question would have some merit.

  4. Reply
    August 8, 2011 at 9:09 am

    Part of the volatility of the investment market, and the housing and bubbles were instigated when the capital gains tax was lowered. This has had a negative effect. Many leading economists suggest that raising the CG tax would provide stability to investment markets.

    Further, a single home owner has 1 year to buy another house before CG tax takes effect, and the single-home owner pays a lesser rate than those with investment real estate. For too long, folks have used these loopholes in income disparity to pay reduced tax rates, i.e. not pay their fair share of the tax burdern (especially true when stock options are part of a compensation package).

    Therefore, incomes should be taxed at equal rates, whether earned or unearned.

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