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View Diary: Not even Republicans believe that Americans want smaller government (62 comments)

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  •  I want capital gains in the mix for getting the (4+ / 0-)
    Recommended by:
    DSPS owl, Little Flower, eps62, Smoh

    rates raised. There is no reason that people who have income from capital gains should get better treatment than people whose income is from wages. Roll it all together into one income and tax people on the combined amount.
    People who have some capital gains but not much and whose incomes are modest would end up paying less on the capital gains than those people, like Romney, who have huge incomes much of which is from capital gains. And that's as it should be.

    We're not perfect, but they're nuts! -- Barney Frank

    by Tamar on Mon Dec 03, 2012 at 04:11:37 PM PST

    [ Parent ]

    •  But I can see allowing a certain amount (1+ / 0-)
      Recommended by:
      Smoh

      Of cap gains to be excluded. Maybe a few thousand. It would encourage investment by middle income people. Those who have a small amount they can play with, or who get small stock options, wouldn't have to worry about getting zapped at the end of the year.

      But after you subtract that amount, the rest gets taxed like any other income.

    •  Capital Gains... (3+ / 0-)
      Recommended by:
      Tamar, eps62, Smoh

      from raiding a pension fund -- like Romney and the vulture capitalists were wont to do -- should be taxed at 100%, since the pensioners who were robbed will have to rely on the federal government for less than 60% of what they had before they were raided.  The IRS and Department of Justice can coordinate to determine who did the raiding.  Maybe we should make raiding a company's pension fund for private gain a capital offense.

      •  new kind of "capital" gains -- we gain by making (1+ / 0-)
        Recommended by:
        Smoh

        pension fund theft a capital crime! (actually, I'm against capital punishment, but I like your humor).

        We're not perfect, but they're nuts! -- Barney Frank

        by Tamar on Mon Dec 03, 2012 at 05:17:04 PM PST

        [ Parent ]

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