Capital gain - there should not be such thing

Some are saying that taxing more on capital gain is unfair, for it's already double taxed.

I think it is fundamentally wrong to have this capital gain category, because it's hurting corporations and federal at the same time, while only benefiting individuals with such "gain".

To me, "capital gain" shouldn't be considered dividends. The profit made by corporations, if it's transferred to individuals, it's not a real gain for corporations any more. Corporations are paying tax for that part of "profit", which only sits in the corporation account for 5 minutes, only to reduce the tax rate of those individuals.

Corporations had no net profit, so they shouldn't pay tax. Individuals are receiving income, and they should be taxed with the same rate. So, there will be no double taxing, and federal still receives same if not more tax money.

OTOH, there shouldn't be any capital loss either. The money you make in investment is real money, should be taxed as such, and the money you lose in investment is real money too, should be offset from your income.

Capital gain - the biggest loop hole.

所有跟帖： 

• 懂行的一解釋就是不一樣 :-) -aChineseBostonian- ♂ (0 bytes) () 10/17/2012 postreply 10:20:47

• 別介，我瞎猜的，而且還經常猜錯:) -Warsteiner- ♂ (0 bytes) () 10/17/2012 postreply 10:25:20

• Rarely there are companies paying divident more than INFLATION!! -Kaolin007- ♂ (175 bytes) () 10/17/2012 postreply 10:28:10

• Those "dividends" are the ones paid out to top executives, -Warsteiner- ♂ (167 bytes) () 10/17/2012 postreply 10:36:10

• Then just fix the options tax on those top executives .... -Kaolin007- ♂ (95 bytes) () 10/17/2012 postreply 10:39:44

• My motto: every single earned penny should be taxed the same way -Warsteiner- ♂ (0 bytes) () 10/17/2012 postreply 11:01:23

• 中國的情況是，把公司贏利以工資獎金的方式發給個人，少交了公司所得稅，但個人要多交個稅。 -看熱鬧的北京人- ♂ (233 bytes) () 10/17/2012 postreply 10:42:53