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WCGreen

(45,558 posts) Wed Dec 12, 2012, 05:24 PM Dec 2012

It's not the Tax Rates that are killing the budget.... [View all]

It's the make-up of how we tax money.

It is the preferential tax treatment of Capital Gains that is blowing holes in the amount of taxes collected.

Most of the revenue earned by those at the top of the Income Tax Rate have neatly and quietly changed their income from salary to capital gains.

6 replies

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It's not the Tax Rates that are killing the budget.... [View all] WCGreen Dec 2012 OP

How can the problem be solved? In_The_Wind Dec 2012 #1

Personally, I would tax Capital Gains the same as regular income AND.... WCGreen Dec 2012 #5

Spam deleted by SidDithers (MIR Team) JoSpits Dec 2012 #2

I'd say it's partly due to the military spending. Gregorian Dec 2012 #3

That is the spending side... WCGreen Dec 2012 #6

Well said...K&R CaliforniaPeggy Dec 2012 #4