Try the political quiz

1.9k Replies

 @ISIDEWITHDiscuss this answer...9yrs9Y

No

 @9H57QHVDemocratfrom Guam disagreed…4mos4MO

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.

 @9FSBQK7Reform from Illinois disagreed…6mos6MO

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

 @9FX6GCGPeace and Freedom from Ohio disagreed…6mos6MO

inflationary gains are taxed, gains on corporate stock are taxed twice, and the tax is often unnecessarily complex.

 @9FZWSRC from California disagreed…6mos6MO

This will have a greater effect on richer people than poor, making them more likely to pay their fair share.

 @ISIDEWITHDiscuss this answer...9yrs9Y

Yes

 @MorallyambiguousConstitution from Maine disagreed…7mos7MO

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.

 @9FG5T2K from New York disagreed…6mos6MO

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.

 @ISIDEWITHDiscuss this answer...7yrs7Y

No, and abolish capital gains taxes

 @9F5WBQNAmerican Solidarity from Texas disagreed…7mos7MO

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

 @PumaBertLibertarian from California disagreed…7mos7MO

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?

 @9F79FYZ from Arizona disagreed…7mos7MO

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.

 @7X2MWM6Libertarian from California disagreed…7mos7MO

Capital Gains Taxes are a tax on the devaluation of the dollar. Without consideration of inflation, it's effectively double taxation

 @9F829HN from Ohio disagreed…7mos7MO

The wealthy deserve to be heavily taxed, and Capital Gains Tax is a more effective way to tax the wealthy than income taxes.

 @9F8CW2CRepublican from Missouri disagreed…7mos7MO

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

 @ISIDEWITHDiscuss this answer...9yrs9Y

No, increasing the capital gains tax will limit investment in our economy

 @9FV5S9CProgressive from Minnesota disagreed…6mos6MO

Our economy is not working well for a lot of people. Therefore, increasing any type of tax will just make it worse for them.

 @ISIDEWITHDiscuss this answer...9yrs9Y

Yes, and increase to the average U.S. tax rate (31.5%)

 @9F79FYZ from Arizona agreed…7mos7MO

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.

 @E1ectoralCalLibertarian from New York disagreed…7mos7MO

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.

 @9FMPP64from Maine disagreed…6mos6MO

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.

 @9FNS6HN from Minnesota disagreed…6mos6MO

Lowering CG Taxes does not cause economic growth, however, raising them allows for more public funds to be used towards infrastructure, healthcare, etc.

 @ISIDEWITHDiscuss this answer...7yrs7Y

Yes, and all income should be taxed at the same rate

 @ISIDEWITHDiscuss this answer...7yrs7Y

Yes, on stocks and bonds but not real estate

 @8JCJLWVUnity from Texas answered…3yrs3Y

Consumption and use taxes are preferred to taxes on productive capital/savings.

 @93FQRFK from Texas answered…2yrs2Y

 @93GHC7Y from Texas answered…2yrs2Y

 @9757M5Zfrom Northern Mariana Islands answered…1yr1Y

Abolish capital gains taxes for lower and middle class, raise for upper class and day traders.

 @9GJTNP9 from Maryland answered…5mos5MO

Capital gains should be taxed separately from traditional income, however, it needs to be increased proportional to an individuals investment.

 @8WS2DNJ from California answered…2yrs2Y

 @7PTCG38Democrat from Wisconsin answered…10mos10MO

Yes, establish a flat capital gains tax rate of 20% but increase the rate to 28% for net profits in excess of $1 million. Exempt one primary residence from the tax.

 @9DY7ZWLDemocrat from North Carolina answered…7mos7MO

 @8SYNVR4 from California answered…3yrs3Y

 @97MRBPP from Ohio answered…1yr1Y

 @95YXM3LRepublican from Florida answered…2yrs2Y

All domestic taxes should be flat rated at 10% . Increase revenue through tariffs.

 @94RC5DV from Massachusetts answered…2yrs2Y

Yes, and make it a variable rate akin to the income tax rate so that the richest people pay the highest rate

 @97V3SQ8 from New York answered…1yr1Y

 @8M774V4 from Utah answered…3yrs3Y

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

 @8RCLKRL from Iowa answered…3yrs3Y

yes, for large firms that manage large amounts of money, but not for individual consumers

 @9KZ7NML from Wisconsin answered…1wk1W

yes but only on people trying to make a living off of it and are not other wise contribute to society

Engagement

The historical activity of users engaging with this question.

Loading data...

Loading chart... 

Demographics

Loading the political themes of users that engaged with this discussion

Loading data...