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[zimmy]

I love the idea that income from investments deserves a lower tax rate than income from employment.
Bogus.
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[scottw]

Originally Posted by zimmy

I love the idea that income from investments deserves a lower tax rate than income from employment.
Bogus.
Posted from my iPhone/Mobile device

why do you think investments should be taxed at all?...just curious

[spence]

Originally Posted by scottw

why do you think investments should be taxed at all?...just curious

Because you're benefiting from the system everybody contributes to. It takes a village Scott.

[scottw]

Originally Posted by spence

Because you're benefiting from the system everybody contributes to. It takes a village Scott.

I was hoping for an intelligent answer

[spence]

Originally Posted by scottw

I was hoping for an intelligent answer

Maybe find someone intelligent to help you with it then

[scottw]

Originally Posted by spence

Maybe find someone intelligent to help you with it then

yeah,,,probably asking in the wrong place

[detbuch]

Originally Posted by spence

Because you're benefiting from the system everybody contributes to. It takes a village Scott.

All benefits from the system are not taxed. There are benefits given to those who don't even contribute to the system whose benefits are not taxed. Taxing some benefits would be considered by many to be onerous. Taxing some contributions to the system, such as investing, would be considered by some as creating a disincentive to contributing and therefor a possible subtraction from the value of the system. Even more so as the taxes rise.

[zimmy]

Originally Posted by scottw

why do you think investments should be taxed at all?...just curious

I think investments should be taxed for the same reason any income is taxed. Why should money made from investments be considered more precious than hard earned money from repairing a car or working in a mine or nursing in the e.r.? I understand tax rates and shelters for retirement and that sort of thing, but if I make 100k off investments in stocks and mutual funds because I can afford to invest, why should that income be taxed at a lower rate than the income of the paraprofessional helping a special needs kid in a school for 20k a year? I have yet to hear a valid argument (the incentive to save/invest doesn't evaluate as valid to me).
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[Jim in CT]

Originally Posted by zimmy

I love the idea that income from investments deserves a lower tax rate than income from employment.
Bogus.
Posted from my iPhone/Mobile device

it’s not the least bit bogus. investing involves significant risk, and it’s good to incentivize people to invest. bill clinton slashed capital gains taxes, and it was stimulative.

capital gains ind dividends should be taxed less than ordinary income, absolutely.
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[zimmy]

Originally Posted by Jim in CT

it’s not the least bit bogus. investing involves significant risk, and it’s good to incentivize people to invest. bill clinton slashed capital gains taxes, and it was stimulative.

capital gains ind dividends should be taxed less than ordinary income, absolutely.
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People don't invest because they are philanthropists. They invest because it builds wealth. Investment has risk, but generally the greater risk you take, the greater the chance of reward. That is a personal choice. The incentive to invest comes from the potential to get wealth. It is gambling. The people who benefit most are the people who have the most wealth and can handle the greatest risk. I can afford to put some money in to higher risk investments. I think it is bogus that money I make from that gamble is somehow considered more important than a person's employment so it is taxed less.
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[scottw]

Originally Posted by zimmy

I think it is bogus that money I make from that gamble is somehow considered more important than a person's employment so it is taxed less.
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that's a point of view....interesting

I guess some people look at things and say "why are we taxing this?"

and others look at things and ask "why aren't we taxing this?"

[zimmy]

Originally Posted by scottw

that's a point of view....interesting

I guess some people look at things and say "why are we taxing this?"

and others look at things and ask "why aren't we taxing this?"

Or if we are taxing this thing one way, why are we taxing this a different way. When that analysis points to, it is because of the power of lobbyists, investment banks, and the rich guys who are in charge, it becomes more obvious why.
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[Jim in CT]

Originally Posted by zimmy

People don't invest because they are philanthropists. They invest because it builds wealth. Investment has risk, but generally the greater risk you take, the greater the chance of reward. That is a personal choice. The incentive to invest comes from the potential to get wealth. It is gambling. The people who benefit most are the people who have the most wealth and can handle the greatest risk. I can afford to put some money in to higher risk investments. I think it is bogus that money I make from that gamble is somehow considered more important than a person's employment so it is taxed less.
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"People don't invest because they are philanthropists."

Again, when liberals cannot respond to what was actually said, they respond to something not even close to what was said.

I never came close to saying that investors are philanthropists. I said that buying stocks or bonds involves a lot more risk than I took when I drove to work thins morning. I didn't put up one cent of my own money to work for Liberty Mutual, if it goes under I haven't lost any money that I put up.

Investors need incentive to take on the risk. I don't think capital gains should be tax free, but I think it should be taxed at a lower rate than ordinary income.

Try to respond to what I'm saying, please try to refrain from putting stupid words in my mouth.

Here in CT, teacher pensions are partially exempt from the state income tax. But my IRA is not. So if I'm retired and taking 65k a year out of my IRA, and my next door neighbor is a retired teacher with a pension paying him the same exact 65k a year, he pays lower tax rate than I do. THAT is bogus. This is not bogus.

Our economy cannot function if companies do not have sufficient access to the capital they need. Lower capital gains taxes, help stimulate the desire to invest. While that helps the rich more, it's not like it has no benefit to anyone else. And it SHOULD benefit the rich more, they are the ones taking risk by investing.