loopholes for big corps, but will they? do you expect sometime befor the next election to see a progressive tax hike on the wealthy where for example anyone making over 1 million dollars a year pays a marginal tax rate on anything over 1 million dollars earned of 42%, and anyone making over $ 5 million dollars a year is paying a marginal tax rate of 50%, and will all the loopholes be closed for big corps?
hey top, hate to break it to you but part of the reason for the struggling economy is the unprogressive tax system and greed and too few people collecting all the money....and Bad policie like tax cuts and accepting deficits instead and trade deficits etc.....and bad health care system etc...
yes cap gains should go up, but only for cap gains in excess of $100,000 a year, and the new cap gain rate should be 35%. Any cap gains below $5,000 should be zero cap gains tax.
cap gains on home sales should be zero up until a cap gains from home sale of $500,0000.
hey top, hate to break it to you but part of the reason for the struggling economy is the unprogressive tax system and greed and too few people collecting all the money....and Bad policie like tax cuts and accepting deficits instead and trade deficits etc.....and bad health care system etc...
yes cap gains should go up, but only for cap gains in excess of $100,000 a year, and the new cap gain rate should be 35%. Any cap gains below $5,000 should be zero cap gains tax.
cap gains on home sales should be zero up until a cap gains from home sale of $500,0000.