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And the only way I'm going to fall on the side of the poor is because of our electorate and the government it elects, at which point we are doomed. Graduated flat tax for all, starting at 5%. Even if you only make $1 during the year, $.05 ought to go the federal government. No deductions, no exemptions, etc., until a...more
@someone: As for al gore and his windfall form Apple, it is one of the problems with how we tax stock options. With few exceptions, gains from stock options (and gore's gains are excepted) are simply compensation for services rendered (i.e. income) and should be taxed as regular income. Seriously, can anyone truly ...more
Everyone needs to have skin in game! We need a graduated flat tax with the minimum being 5% and the max 40%. Treat long term capital gains favorably (preferrably 0%, though a comprimising 20% [and not subject to the obamacare 3.95 surtax]). It doesn't matter if you're 16 years old or you only make 5K a year. You nee...more
For all who favor an increase in the capital gains tax: Imagine someone who is a good enough investor to double his/her investment every year. Starting with $1, calculate how much money they would have after doing this for 20 years if there were no federal or state taxes. Next, calculate how much money they would ha...more
11/13/2012
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