I can't say that I have a comprehensive tax plan, but

I would like to see the top marginal rates be a bit higher, certainly rolling back the most recent cuts for that income level and maybe adding a bit or 2 to them.

Then I presume that dividends are subject to income tax, so that would be covered.

As for capital gains, I DO think having capital gains be a lower rate than income tax makes sense, BUT I would redefine what is defined as being subject to the lower rate. The reasoning for lower taxes on capital gains is to encourage people to invest in new companies, new technologies that help grow the economy. I can agree with that.

But if I buy 100 shares of Disney, or Apple, or some other established company at the bottom of this bear(ish) market, and make 70% on it 5 years from now when I sell it....how did that foster innovation? I bought shares from someone who bought shares from someone who bought shares from (repeat 50 times...) who bought the IPO. I didn't provide Disney or Apple with any money. So any gains made would be 'income'.

As opposed to if you're an investor in a startup, then when you cash out of that, you can get the lower cap gains rate.

(In response to this post by BocaHoo91)

Posted: 01/14/2019 at 1:35PM

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"There's plenty of money in the world. Its just in the wrong hands" ** -- TpkeHoo 01/14/2019 11:00AM

"Philosopher King" BS ** -- MasterRusty 01/14/2019 6:16PM

There's probably something to that statement. -- KaHOOnah 01/14/2019 6:08PM

What he said wasn't great -- Fuzzy Dunlop 01/14/2019 1:00PM

Except he's been asked about it and has doubled (by now triple, quadruple, -- CharlestonSC 01/14/2019 1:23PM

He's made that point directly -- Fuzzy Dunlop 01/14/2019 1:36PM

That's a shocker. 3/4 of Americans think other people -- BocaHoo91 01/14/2019 2:29PM

You mean extremely populist position. Gee, 3/4's of Americans favor someone -- Hoodafan 01/14/2019 2:22PM

So? It doesn't make it the wrong thing to do, either -- Fuzzy Dunlop 01/14/2019 2:28PM

You just defined populist. What about the 47% or so that don't pay any Fed -- Hoodafan 01/14/2019 2:42PM

"You can't get more fair than that" -- Fuzzy Dunlop 01/14/2019 2:51PM

That is a progressive plan. It's 5% additional on everyone above poverty -- Hoodafan 01/14/2019 3:04PM

So you're saying that 47% pay no taxes? That's bullshit and you know it. ** -- Seattle .Hoo 01/14/2019 3:26PM

According to the WSJ article I linked, the bottom 60% of filers -- BocaHoo91 01/14/2019 4:03PM

It's pretty freaked up. But every time someone cuts taxes on the upper -- Shenhoo 01/14/2019 6:55PM

Pay no Fed Income taxes. That's what this populist position is talking -- Hoodafan 01/14/2019 3:36PM

Thank you for acknowledging the obvious. ** -- Seattle .Hoo 01/14/2019 4:14PM

Thank you for catching up on what I said all along. :-) ** -- Hoodafan 01/14/2019 4:33PM

The 60% is aggregate income taxes. So at the upper end of the 60% -- BocaHoo91 01/14/2019 4:04PM

Thanks for clarifying. That makes a lot more sense. ** -- Hoodafan 01/14/2019 4:07PM

Here's a WSJ article on the progressiveness of our tax code -- BocaHoo91 01/14/2019 2:39PM

I’m confused - populism is still bad, right? -- ResistHoo 01/14/2019 2:34PM

That group does bear a much larger share of the tax burden. The -- BocaHoo91 01/14/2019 2:31PM

I'll put you on the other 25 percent of that poll, then -- Fuzzy Dunlop 01/14/2019 2:39PM

I view those as paying the same RATE. Obviously the $500k/$100k person -- BocaHoo91 01/14/2019 3:45PM

75% of VA residents say we should double the tax rate for NOVA residents! -- Hoodafan 01/14/2019 2:51PM

We vote to keep our money and let you downstate shitkickers fend for -- WahooRQ 01/14/2019 3:38PM

I suppose the historical weight of deeming yourself the arbiter of such -- CharlestonSC 01/14/2019 12:03PM

Agree! I'm working hard to try to fix that, though. ** -- ResistHoo 01/14/2019 11:24AM

At least he's honest about his goals. ** -- Hoodafan 01/14/2019 11:12AM

"Corporations need to pay their fair share" ** -- Tuckahokie 01/14/2019 11:09AM

I'm fine with corporations paying less. I'd like to see the corporation -- Late 80s Hokie 01/14/2019 11:24AM

Out of curiosity, what form would you like the higher taxes on -- BocaHoo91 01/14/2019 12:56PM

I can't say that I have a comprehensive tax plan, but -- Late 80s Hokie 01/14/2019 1:35PM

I'm fine with the top marginal rates being reset to the previous levels -- BocaHoo91 01/14/2019 2:18PM