why the rich want to elminate capital gains tax

[luckyleftyme2]

whats wrong with elminating the capital gains tax=Romney paid 14% on his taxes in capital gains tax=nothing in income tax! he made 13,696,951; a few years ago he would have paid 3,835,146;a few yrs before that 5 million -the right wants to elminate the capital gains tax-that means you the worker have to pick up the void! think about that!!! think hard!! because they have shifted the tax burden by 40% to you in the last 10 years!
vote your pocket book=it ain't "alec" or the heritage foundation picking up the slack! its you and me while the big boys skate!
my off shore account is "0" WHATS YOURS?

[aquart]

1. I like progressive capital gains.

You pay less for a long held stock and a whole lot for a quick turnaround.

[moose65]

2. It's long been my opinion that...

the Republicans really don't give a shit about the individual income tax rates. What they REALLY care about is the capital gains tax rate. Oh, they make a lot of noise about income tax rates, but it's just to hide their true agenda... lowering the capital gains rate or eliminating it entirely. That's what they really want, so that ultra-wealthy people like Romney end up paying virtually nothing in taxes.

[luckyleftyme2]

3. exactly

yes moose you nailed it. The tax burden has shifted to the working class over the last 20 years. lowering the capital gains tax has given the ultra rich a windfall which many have used to start offshore accounts and invest in overseas companies;this has hurt our economy and contributed to job loss!