But negotiating a different price or not selling when you did IS a
difference. As is not investing because you can't get a sufficient after-tax return to compensate you for the risk of an investment relative to money in a CD in the bank. Tax rates do make a difference. If they didn't, we could just tax capital gains at 100% and take a big bite out of the deficit.
I'm not arguing that we shouldn't evaluate different rates for LTCG... I'm arguing that if you double the rate and make it more than 2x that of the OECD average, it will absolutely "make a difference" to investors. And that will ultimately make a difference to the average Joe.
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In response to this post by Seattle .Hoo)
Posted: 08/10/2020 at 2:01PM