NightFox
Wildling
Er,,,ummm... you don't think the principle gets taxed before they invest it?Well we are talking income tax . These articles are also "adjusted " income . Not true income . And if someone works their fingers to the bone is it "fair" to tax them the same as capital gains? Where the person just invested money .?
And mitt donates to church, I wouldn't consider that charity .
They already PAID 40% when they first earned the money. They made a lot, saved a lot. Now they smart enough to invest it and make profit. You think 40% again is OK?
AND you not answer to GDP drop if investments drop. Is 40% too high to risk investing savings? I really don't know? The system is supposedly supposed to encourage growth. Social Engineering is hard. You can't pack a room full of Al Frankenstien and expect idiots to find the magic recipe. I don't have answers.
They only get taxed on the gains, not the investment.