The Phenthouse: A Lesson on Why the Capital Gains Tax is Only 15%
But first, what is a capital gain?
- Income generated from investments like stocks, bonds, real estate, etc. This includes dividends and other ancillary benefits of investments.
Why does the government tax 15% on capital gains instead of closer to 30%?
- It all starts with Bill Clinton. Yes, BILL CLINTON (D)
Source phenthouse
Reblogged from phenthouse
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infobonaire909 liked this
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correctoryou0 liked this
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joshzerkle reblogged this from muppetpants and added:
Never mind the fact that this is all investing done with income that has been taxed once already.
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mercurypdx liked this
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omeletyoufinish reblogged this from needcaffeine and added:
You also have to understand that CGT is only taxable when assets are sold. Businesses are still taxed at the normal...
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needcaffeine liked this
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needcaffeine reblogged this from phenthouse
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truestorychronicles said:
Capital gains tax and investor incentives are a lot more complicated than you’re making them out to be. But yeah, Clinton fucked up, and so did all the Congresspeople who appeased their lobbyists by voting for this. It’s not about dems v. repubs.
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muppetpants reblogged this from phenthouse and added:
So Obama turn you into...Republican, or just Not
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muppetpants liked this
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phenthouse posted this
