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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (627814)9/11/2011 11:44:31 PM
From: i-node2 Recommendations  Read Replies (1) | Respond to of 1577902
 
>>> It is if it's removing a 15% cap gains rate on billionaires...

Okay, so anyone with over a billion in net assets (lord only knows how you intend to determine that; sounds like another inch of paper added to the tax return) is denied LTCG treatment. Would you treat that income as ordinary income or what?



To: J_F_Shepard who wrote (627814)9/18/2011 10:38:00 PM
From: TimF2 Recommendations  Read Replies (1) | Respond to of 1577902
 
Capital gains rates are not a loophole. They apply broadly. If only billionaires got to pay those lower rates then it would be a loophole, but the rate is the general rate for all capital gains.


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