rparis74 Wrote:
what about stocks and other property that you don't have to put any of your own money into?
oh, that's where I'm a true hypocrite: fuck 'em, they pay cap gains on stock gains.

but seriously, it is that money that people are investing (which by the way they MAY have already been taxed on once) that allows companies to expand and make money (which they are in turn taxed on); the money made in dividends thus has been taxed 2 or maybe 3 times already. Fair?
rparis74 Wrote:
but let's not argue about tax policy - frankly what I learned in income tax class was that it is insanely complex and really fucked up in a lot of places.
agreed; that's why I pay a CPA.
rparis74 Wrote:
all i want is for the wealthy to pay taxes and not avoid it through stocking away a bunch of their money in property and then giving it to their kids.
but what about a family business where every member of the family has contributed to the acquisition of wealth---shouldnt there parents be able to reward them when they pass this (likely already taxed) wealth on? (don't answer this, i already know the solution, its really just more an aesthetic question to mull over)
rparis74 Wrote:
capital gains and estate taxes will likely be gone someday soon anyway...something else will be put in place to replace it however and I hope it isn't just raising the middle income tax brackets or through sales taxes.
Yep. Solution=END CORPORATE WELFARE AND ALLOWING "MULTINATIONALS" THAT MAKE MONEY IN OUR COUNTRY BUT ARENT TAXED ACCORDINGLY.