Capital Gains Tax

[RINO Tom]

About right.  Taxing capital gains like income largely defeats the purpose, no?

[RINO Tom]

All income should be taxed the same. Capital gains should just be treated as regular income.
As for whether income tax in general is too high or too low, I'd say too high.

But investment income ISN'T the same as regular income.  Everybody has to earn an income to afford to live; taxing too much of that borders on theft (we're nowhere near that point).  The idea of a low capital gains tax is to encourage investment.

[RINO Tom]

All income should be taxed the same. Capital gains should just be treated as regular income.
As for whether income tax in general is too high or too low, I'd say too high.

But investment income ISN'T the same as regular income.  Everybody has to earn an income to afford to live; taxing too much of that borders on theft (we're nowhere near that point).  The idea of a low capital gains tax is to encourage investment.

[RINO Tom]

All income should be taxed the same. Capital gains should just be treated as regular income.
As for whether income tax in general is too high or too low, I'd say too high.

But investment income ISN'T the same as regular income.  Everybody has to earn an income to afford to live; taxing too much of that borders on theft (we're nowhere near that point).  The idea of a low capital gains tax is to encourage investment.