Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (287650)	5/11/2006 9:26:10 AM
From: Elroy	Read Replies (2) of 1571536

It's a big deal for the very wealthy, and it does "very little" for those with a few stocks in mutual funds. I'd say it affects all US investors (half of US households) relative to the amount that they have invested. Some middle income person with $10,000 in capital gains this year probably thinks it's a lot to him. Does this make sense to you? Sure, but personally I think capital gains taxes should be zero. I take a risk of loss every time I invest, and if I do well and my stock pick goes up, I think I deserve to keep 100% of the gain. I've already paid income tax in my efforts to accumulate wealth, once I've accumulated it the government should stop trying to figure out ways to take more of it away from me. If you want to raise taxes, I say tax inheritance at a higher rate. Inheritors have done nothing more than being born into a wealthy family. Tax the kids - they haven't earned anything and just want to live off of their parent's money.

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