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- #141
I see very good arguments on BOTH sides of the issue. I do not agree with most of them but am always willing to look at all of the opinions out there.
As someone that owns businesses I have to keep an open mind.
Is you business profitable?
Do you have capital gains each year?
If you had 10% more each year what would you do with it?
When our talking taxes and wealth these are the items in debate
Taxes are paid by a certain group in this country. Not all people pay taxes
Capital gains is when you sell a capital item and there is a gain. No one is selling much of anything these days for any gain because the economy is so bad. We are all holding.
One of my businesses is investment and there have not been any gains in 3 years. You buy low and sell high.
My other businesses show profits and I pay income taxes on those.
I am 56. When I do sell for gain out of my investment company MY FAT ASS IS RETIRING.
Lower the capital gains tax, or better yet eliminate it, and you would see the biggest economic boom ever here.
I agree.
Another issue I have is if you pay income tax, why should you also pay a corporate tax?
"corporations" at some point in time become individuals
Its is hard to claim a corporation makes a 'profit" while the individual took a loss
the system is broke