Friday, September 24, 2010
Indexing the Capital Gains Tax to Protect Taxpayers from Inflation
The capital gains tax is a perverse form of double taxation that should be abolished. This bad tax is especially damaging because families often are taxed on gains that are solely the result of inflation. This video explains how taxpayers could be protected by indexing the capital gains tax so the levy only applies to inflation-adjusted gains.
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The video was very informative, thanks for the education. It's disgusting how they can slip in these taxes knowing they are double taxation. They have no conscious or respect for peoples risk and hard work in trying to make a living. But the more they try, the more people get the message out about their shenanigans.
ReplyDeleteIt's nice to dream, but with the appetite Washington has for spending, I don't ever see this idea becoming a reality.
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