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Old 10-14-2008, 05:59 PM   #209
lookout123
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Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
15% Capital Gains tax is ok, but lower would be better because the big players move their money and pay their 15% because they are looking at the big picture. Joe Six pack quite often makes horrible investment decision because he doesn't want to "lose" 15% of his gains to the government, thus setting himself up for a crushing when the market turns.

In the end I don't think any of those numbers actually matter so long as they are clear, strict, and enforced. There are two sides to every equation and the income side is less important than the expense side.

The budget should absolutely be balanced and we should absolutely ditch the obscene "progressive" tax system we use. It is simply a political tool to enslave us in class warfare.
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