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Hoyt

(54,770 posts)
1. Wish there were a way to define "fair share." Is it 10 additional percentage points
Tue Nov 16, 2021, 12:25 AM
Nov 2021

above current tax rates, 20 points, 30 points, or whatever it takes?

I’d like to see a long-term tax plan that would pay for healthcare, childcare, education, and all the other things we need.

While no tax increase will impact me at my age and income, I think it would help if we had a long term plan. If I were a high earner, I’d probably pucker too at the thought of tax increase piled upon previous year tax increases.

GregariousGroundhog

(7,526 posts)
3. I feel like taxing capital gains as normal income would go a long way
Tue Nov 16, 2021, 01:30 AM
Nov 2021

I suspect most of the stock assets held by the middle class are advantaged accounts (such as 401k or IRA accounts). Additionally, a significant amount of compensation for upper management comes in the form of stock grants and growth from that stock.

After taxing capital gains as normal income, setting a tax floor may be another advantageous idea. Creating a rule that rebates and deductions can lower tax burden by no more than 50% seems like a reasonable threshold.

Progressive Jones

(6,011 posts)
5. I'd also like to see a small tax on market trades.
Tue Nov 16, 2021, 01:59 AM
Nov 2021

Keep it small. That way the small investor doesn't get hurt, and high volume trading picks up the slack.

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