The capital gains tax rate is a big loophole that needs to be fixed immediately. Then we can work on increasing the rates on those in the upper income brackets.
While you’re at it, might as well remove all those tax break FLU just mentioned. It’s not a loophole when everyone knows about it. Everyone is free to take advantage of it. No one is stopping you. But if you must remove all “loopholes” why not go all the way and take us straight to communism and make everyone equal. Doesn’t that sound good? The rich finally pay their share.
…increases taxes, we can go back to being a nation that pays its bills as it goes as opposed to taking on mountainous debt.
We were a nation that pay its bills during the Clinton years, when he LOWERS the cap gain tax. We were prosperous during those 8 years, even with the cap gain lowered, so what make you think we need to raise it to be prosperous again?
