Quote Originally Posted by kydonky View Post
Geo, why would you tax the first 2 mil. at the higher rate and any amount above this at the lower rate?

This would be a little unfair to the small investor and reward the largest investors only. Why not reverse this to the first 2 mil. income at the low rate and the amounts above this at the higher rate? You would have more investors that would translate to more investment. If the small investors were taxed that high rate I would think they would not risk even their small investments.

So I invest $20,000.00, have a return of 8% for a profit of $1600.00. Tax the $1600.00 at 36% would net $1024.00. An investment that returns 8% these days carries risks, I could just as easily lost $1600.00 or even the entire principal. Think I will buy a new Tracker pontoon instead.
Hey.....and TRUST me.......I want you to Keep all of that 1600.....EVERY PENNY, especially if you made the initial investment POST taxes.

I've never quite understood why libs think it is OK to tax money that has already been taxed. That is like property taxes. I already OWN it, Why do I have to pay the gubment money for the priviledge of OWNING it?? I've never understood that.

Same thing with inheritance tax. If I'm lucky enough to make a few million in my lifetime, and WILL that to my kids, why the hell should the gubment be able to take 55% of it when I die. THAT is wrong.

Later,

Geo