Quote:
Originally posted by taxwonk
As for the capital gains rate being an incentive to save, that's a lad of horseshit. People spend and/or save based upon many things; their tax rate isn't one of them. If you honestly believe that it's better to forgo 61 cents of gain to avoid 39 cents of tax, you are a total idiot. If that is really a valid point, then what we need is an excise tax on stupidity.
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Capital gains tend to be for stock market profits right? I now the Dems live in a pretty world where everything is easy for people with money, but you will at least admit there is some risk to the market, won't you? There is a reward which is the profit. The more the Gov't takes of the profit, the less the incentive to take the risk. Wonk, I like you, but the next time you say mean things we combat.
