Hillary's stupid capital gains tax plan

Discussion in 'Politics' started by church mouse guy, Jul 25, 2015.

  1. church mouse guy

    church mouse guy
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    May 23, 2002
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    ...In her latest economic speech, Clinton proposes doubling the capital-gains tax rate on the profit made from asset sales (stocks, bonds, real estate) held a day less than one year up to two years. Right now, if you take a capital gain a day more than one year, you are taxed at a 20 percent rate. Actually, it’s 23.8 percent when you include the health-care surtax. So under Clinton’s brilliant new play, you’d be taxed at 43.4 percent — the top individual cap-gains rate of 39.6 percent plus the 3.8 percent Obamacare surtax.

    That means, instead of keeping 80 cents on the additional dollar of profit, you’d only keep 56.6 cents — a 30-percentage-point reduction in the take-home-pay reward for taking an extra dollar’s investment risk. This will create a tall barrier to investment — what we don’t need.

    If you tax something more, you get less of it.

    Read more at: http://www.nationalreview.com/article/421605/hillary-clinton-capital-gains

    This was written by Wall Street expert Larry Kudlow.

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