Skip to main content

View Diary: Sen. Sheldon Whitehouse set to introduce 'Buffett Rule' tax bill (104 comments)

Comment Preferences

  •  Capital gains (1+ / 0-)
    Recommended by:
    gater2112

    I am not particular driven about what the Capital Tax gains should be - but by even arguing about it one actually undermines the political strength of this new proposal since once your income exceeds $1m then of course you would tax Capital Gains at 30%.

    The beauty of the current proposal would be the simplicity of the target - i.e it is not targeting millionaires (many of whom have worked hard /saved hard to get to that postion over a lifetime) but rather targeting people who make a $1m per year in mainly unearned Income - i.e they are not necessarily working that hard - hence Romney is the prime target.

    This is a very important distinction.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site