Capital gains are the profits earned from the the sale of stocks, bonds and properties. Investment managers pay a 15 to 20 percent capital gains tax on profits earned from their customers’ holdings. Supporters of the increase argue that capital gains should be taxed like any other income and should be raised to at least 31.5% (the average U.S. tax rate). Opponents of an increase argue that taxing capital gains will discourage investments in the U.S. economy and prohibit growth.
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@ISIDEWITH10yrs10Y
No
A good taxation policy avoids penalising productivity and taxes 'unproductive' profits.
CGT is an example of this insofar as it taxes - as politicalcompass.org so eloquently puts it - "people who simply manipulate money and contribute nothing to their society"
Taxation should be levied, generally, against unproductive profits. This has a two-fold effect of both dis-incentivising unproductive spending (e.g. what one might call "hoarding" or "banking") and incentivising genuine productivity.
@9FZWSRC2yrs2Y
This will have a greater effect on richer people than poor, making them more likely to pay their fair share.
It should be because the rich regularly use this as a loophole to avoid paying taxes and that is fact and proven that they do this
inflationary gains are taxed, gains on corporate stock are taxed twice, and the tax is often unnecessarily complex.
@ISIDEWITH10yrs10Y
Yes
@9FG5T2K2yrs2Y
No, the taxes as is are already unreasonably high for the middle class in terms of income. There's no need to punish people on their capital gains as well.
We should not be taxing transactions. To do so is complex, inefficient and also unfair given the absence of any indexation of capital values for inflation.
@9MJSDYZ12mos12MO
Working people should not have to pay higher taxes than billionaires. Investors will still put money into the economy.
@ISIDEWITH8yrs8Y
No, and abolish capital gains taxes
@9F79FYZ2yrs2Y
Capital Gains Taxes are income and thus must be taxed like income, plus, the United States is the most profitable market in the world and would not deter investors.
@7X2MWM6Libertarian2yrs2Y
Capital Gains Taxes are a tax on the devaluation of the dollar. Without consideration of inflation, it's effectively double taxation
The capital gains tax is a major source of revenue, and the most direct way the rich can be included in the tax system to pay their fair share, as much of their net worth lies in their investments. Without the capital gains tax, the rich would not pay their fair share and the bulk of the tax burden would be placed on the middle and lower classes
@PumaBertLibertarian2yrs2Y
While I understand your point, it's important to consider that capital gains taxes can discourage investment and economic growth. For instance, consider a small business owner who has invested heavily in their business. If they decide to sell their business after years of hard work and the tax rate on their profit is too high, they may be discouraged from making such investments in the future. This could potentially stagnate economic growth. What could be a possible solution to ensure the rich pay their fair share, but also encourage investment and growth?
@9F6Z5P82yrs2Y
If business and finance is conducted using the American financial infrastructure, the American public should benefit from the proceeds.
@9F8CW2CRepublican2yrs2Y
No, capital gains tax are the earnings of a business like how a worker's earnings are taxed a business' earnings should be taxed too
@ISIDEWITH10yrs10Y
No, increasing the capital gains tax will limit investment in our economy
@9FV5S9CProgressive2yrs2Y
Our economy is not working well for a lot of people. Therefore, increasing any type of tax will just make it worse for them.
@ISIDEWITH10yrs10Y
Yes, and increase to the average U.S. tax rate (31.5%)
@9FMPP642yrs2Y
If Capital Gains tax is increase more people may attempt tax evasion methods and people will have less personal money to invest into the Economy. This means people will be more cautious of where they spend there money as they have less of it to spend
This can result in a lower quality of life in the United States and in the long term certain sectors will be affected.
@9F79FYZ2yrs2Y
https://www.taxpolicycenter.org/briefing-book/what-effect-lower-tax-rate-capital-gains
Lowering CG Taxes does not cause economic growth, however, raising them allows for more public funds to be used towards infrastructure, healthcare, etc.
@E1ectoralCalLibertarian2yrs2Y
While it's true that the correlation between lower capital gains taxes and economic growth isn't always direct, we must consider the potential consequences of increasing them. Higher capital gains tax rates may discourage risk-taking and investment, which are crucial for innovation and job creation. For instance, Silicon Valley's tech boom was largely driven by investors willing to take risks on start-ups. If the tax on potential profits were too high, would we see the same level of investment? I'd be interested to hear your thoughts on how we can strike a balance between raising public funds and encouraging economic dynamism.
@9FNS6HN2yrs2Y
Lowering CG Taxes does not cause economic growth, however, raising them allows for more public funds to be used towards infrastructure, healthcare, etc.
Consumption and use taxes are preferred to taxes on productive capital/savings.
@9SGS2K29mos9MO
Yes, but only after a certain amount such as $1 million. Middle class Americans who's savings are tired up in stocks via 401(k)s should have not their retirement taxed to oblivion but the ultra wealthy should pay a high capital gains tax.
@mechanicalloser1yr1Y
We should ensure fairness, support the needs of the "least of these," and encourage the wealthy to use their resources in ways that benefit the wider community. This could involve a nuanced perspective that acknowledges the importance of supporting both the vulnerable in society and the health of the economy as a whole, perhaps suggesting that those with more resources have a greater responsibility to contribute to the welfare of all.
@93FQRFK3yrs3Y
No and lower them and lower taxes on stock earnings
@9B7J95G2yrs2Y
Yes, but only stocks and real estate
@9FGHJGD2yrs2Y
i do not understand this question
@9D3RPBQ2yrs2Y
All capital gains should be taxed
@9S2PDWW9mos9MO
Yes, but only For a certain amount of money, And on certain people. Particularly on those who are wealthy, billionaires and millionaires, but not people who do not fall into either of those categories. And to clarify, when I say millionaires, I mean, people who make 10 millions to hundreds a millions of dollars.
Yes. Tax unearned income as much as if not more than earned income
@9GJTNP92yrs2Y
Capital gains should be taxed separately from traditional income, however, it needs to be increased proportional to an individuals investment.
@935M6NN3yrs3Y
Yes, and abolish the stock market.
@93GHC7Y3yrs3Y
No lower them and lower taxes on stock earnings
@94RC5DV3yrs3Y
Yes, and make it a variable rate akin to the income tax rate so that the richest people pay the highest rate
@97V3SQ82yrs2Y
Yes. But proportionately lower income taxes so they are the same.
@9757M5Z3yrs3Y
Abolish capital gains taxes for lower and middle class, raise for upper class and day traders.
@98N7L6N2yrs2Y
yes, following the tax income brackets
@8M774V45yrs5Y
No, but all income should be taxed at the same rate and we need to abolish pre-tax deductions so people and corporations cannot shelter their income without paying taxes
@8RCLKRL4yrs4Y
yes, for large firms that manage large amounts of money, but not for individual consumers
@8T9KJL84yrs4Y
Yes, but lower income taxes
@8RTKKYGRepublican4yrs4Y
I am satisfied with the current rate
@B58NX8HIndependent5 days5D
Neither and reform stocks and bonds and make sure that real estate works for you instead of greedy landlords
@B4WYNVQ2wks2W
depends on the amount of stocks, bonds, and real estate they're selling. average people who might sell one or two houses in their lifetime shouldn't be taxed, but people regularly sell real estate, bonds, or stocks for extra money should have higher taxes.
@B4S4F283wks3W
Increase the tax on profits from stocks and real estate. Eliminate capital gain tax on anything less than $500.
@B4PX7BX4wks4W
No, individuals should pay some taxes on the value of stocks, bonds, and real estate that they receive but it's unfair to tax unrealized gains
@B4KLCSB1mo1MO
No because this would decrease the incentive to invest in the economy and it would increase the barrier to owning property and real estate.
@B4K26FG 1mo1MO
Yes, charge regular income tax rates and disallow tax loss deductions for people who have above $100 million
@B4HWQD2Progressive1mo1MO
Maybe, but all taxes should be based on cash-equivalent conversions; I.E. crypto-to-crypto/asset-to-asset should not matter unless it is being borrowed against, in which case that should be a separate taxable event, to prevent the rich from hoarding wealth indefinitely.
Yes, we should increase the capital gains tax rate for the wealthiest Americans — specifically those earning over $1 million annually — to ensure our tax system is fair, fiscally responsible, and supports shared prosperity.
@99K3525 1mo1MO
Yes, but only for those who are using them as a primary source of income, or withdrawing above a certain amount per year.
@ye 1mo1MO
No, increase with real estate but not stocks and bonds, as many retirement investment funds rely on this
Maybe on the large corporations hoarding real estate and the politicians who make millions manipulating the stock market
@B4B5FVS1mo1MO
For anything speculative, then yes. We should also look into increasing this rate in general temporarily to pay off the national debt and our deficits.
@B3S7THS2mos2MO
Yes, but real estate sale should not be taxed if the person selling the real estate is not doing it as a business.
@B3DTSQS2mos2MO
Yes, but only on real estate for investors who buy up affordable housing and property for the purpose of renting.
@B3CBMRJ2mos2MO
Yes, on stocks and bonds but not real estate. They should be raised to the tax rate of all other jobs however longer term investments should have less and less taxation on them.
@B3BB3R62mos2MO
No, but loans borrowed against ownership of stocks, bonds, and real estate should be taxed, either on the loan officer or the borrower.
@B39XJV52mos2MO
It depends on the amount of money gained through stocks and real estate, over a certain threshold should pay more taxes
@B39MR8N2mos2MO
no, we should abolish all these taxes and only reserve them for the largest shareholders and on massive investment firms such as blackrock and financial institutions, for these the tax rates should be set at least at 40% and higher.
@B34HB8P3mos3MO
Taxation or donations to the community should never be forced, however if you want to participate in the global community you MUST contribute.
@B33CL9D3mos3MO
Enact land reform, nationalize large-scale real estate/construction/development companies, eliminate speculation on land/housing/real estate, and establish state, municipal, cooperative ownership of all land and resources, with contractual usage rights for families, individuals, and enterprises.
No, but nationalize stocks and provide 20% to 40% progressively of it to the poor, working poor, working and middle class. The poor, working poor, working middle class and high middle class can own stocks tax free.
@B2W7KPW3mos3MO
Yes, but only if the money is put towards paying off national debt, the welfare and education of the citizens, and creating a better healthcare system
@B2SZWC93mos3MO
All companies and pieces of companies should be owned and managed by the workers through workers' councils based on their industry profession and thus a tax or sale of a piece of company is redundant and impossible.
End capital gains taxes on the poor, working poor, working, middle and high middle classes. Raise to 99% on the rich.
@B2Q9CDP3mos3MO
I don’t care but the person should be able to get out of it if it’s too high but if they can’t then instead of attacking or rebelling against the government people should make suggestions about it.
@B2PMTB43mos3MO
A primary owner occupied home sale should be excluded from taxation. Investment real estate profit should be heavily taxed if it is flipped within 5 years. Unrealized stock gains should not be taxed. Day traders and those cashing in could be taxed at the current income bracket rate.
@B2M8CKJ3mos3MO
Do not increase taxes on stocks and bonds but replace the property tax with a real estate transfer tax.
@B2HDPPX4mos4MO
only for those whose real estate is not a primary residence (and only real estate) and those making a large profit on sale of stocks/bonds
@9L4Z23BIndependent 4mos4MO
No, and make capital gains and carried interest exempt income tax from returns in Private Equity funds investing in emerging technologies and AgTech
@B22J26J5mos5MO
Yes, on stocks and bonds, but the taxes for real estate should be maintained, until average Net profits for real estate exceeds over a particular percentage from the previous tax year.
@B22C6F75mos5MO
The Govt needs to operate within a controlled environment they are considered a runaway , both sides. Out of control! We the people means nothing anymore. It’s about AGENDA!
@9ZVXHZY 5mos5MO
It’s more nuanced than that - if the asset was purchased, a lower tax rate is appropriate - if its received as part of a compensation package, it should be taxed at the normal income tax rate
@9ZSYB5W6mos6MO
Depends on the amount of the income gained through the sale of stocks, etc. a $1M gain should not be taxed at the same rate as a $1B gain
@9ZJTY5Y6mos6MO
Yes, but only after a certain amount like $1,000,000. The wealthiest should have a higher tax burden on capital gains, and the middle class shouldn't be squeezed as much.
@9ZF2KLZ6mos6MO
I don't really have the proper knowledge for an opinion on stocks and bonds. However, for real estate, my answer is yes.
@9YNMRCTIndependent6mos6MO
eliminate the tax rate on stock bonds and real estate sales for people making less than 200 thousand per year/
@9YN7FP86mos6MO
Yes, but on a tiered system like income tax brackets are tiered. The normal person invested in the stock market as part of their retirement plan should not be burdened by extra tax. However, those who make millions of dollars each year in the stock market should be taxed at higher rate.
@9YMGPQT6mos6MO
Yes, but not by a lot, and only for individuals with net worths/total investment/gains income that that exceed a threshold
@9YDWCY76mos6MO
yes, but for only people whom are using it as a business for example someone who sells 2x realestate no but someone who sells 50x relestate in a year yes
@9Y5DBNS6mos6MO
No I’m sticks in bonds or but yes on real estate specifically used as investment and not used for personal dwelling
@9XR3D72 6mos6MO
Yes, only on Real Estate to discourage large companies from owning massive apartment buildings. I also believe Real Estate should not be nearly as profitable.
@9XSR4WW 6mos6MO
No, the government should focus on ending tax evasion and loopholes for both individuals and corporations.
@9XS79BJIndependent6mos6MO
Yes but only in cases where the sale of assets is the sellers primary source of income eg hedge fund managers
@9XNKP3N 6mos6MO
Real estate and property sale should be capped for profit. Profit margin should contribute to reparations for black and native Americans whose ancestors were affected by or contributed to the lands being sold.
@9XMGBFB6mos6MO
You need to take into account the amount of capital. No taxes for small investors, and a progressive tax rate for large investors.
@9XJGT926mos6MO
No, but regulate limits on such investments and tax profit on real estate investments involving housing.
@9XHHYRVRepublican6mos6MO
Tax short term capital gains at the individual's income tax rate but phase out capital gains taxes over over assets held 5 years to 0%.
@9XHFG4X6mos6MO
No! I'm all for targeting the excess of the ultra-wealthy and mega corporations, but targeting successful investments is exactly the wrong way to do it.
@9X5QR7D6mos6MO
No, but make a tiered system for the frequency of the sale. More frequent, higher tax rate. This will protect the average American who buys/sells real estate and stocks in addition to their day-to-day income.
It should be illegal to own more than 1 housing unit per person, and anyone trying to make a profit off of housing should be jailed for 25 years minimum. The stock market should be taxed like any other income.
@9WW3SLP7mos7MO
real estate = regular income; add an ultra-short term capital gains tax to deter high-speed and ultra-high speed trading and market manipulation, otherwise leave capital gains tax alone.
@9WR5K457mos7MO
Tax rates on the sale of these items should follow a bracket system. If you earn more you pay a scaling tax rate.
@9WQW7WSIndependent7mos7MO
Stock buybacks should be illegal and the capital gains taxes only actually affect those that can afford to invest at high levels. The average investor most likely wouldn’t be too affected.
@9WM98LY7mos7MO
These should be taxed lower than standard income but it should be a sliding scale according increasing as total income increases.
@9WJ3LGT7mos7MO
No, there should be a flat tax rate on all income earned whether through labor or investments. Furthermore all income should be taxed one time only on gains.
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