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Papers > Politics > tax
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1. Flat Tax
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tax |
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... Eliminating the capital gains tax will spark entrepreneurship and new investments in the economy, which in turn will elevate economic growth and increase the number of jobs. ... Members of Congress once considered a reduction in the capital gains tax rate from 28% to 19. ... Combined with indexation, which is , reducing the capital gains tax by any amount would be a vital pro-growth step taken by Congress. ... A zero percent capital gains tax would attract entrepreneurial risk taking, which is very important to economic growth. ... Commission on civil rights said, "Reducing the tax on capital gains effectively increases the flow of financial seed corn to budding entrepreneurs." Also, from a global perspective, the United States has one of the biggest capital gains tax rate. Depending on inflation, sometimes the United States has the largest capital gains tax rate in the world. In a competitive global economy a zero percent capital gains tax rate would make the United States a haven for capital, which in the long run will spark economic growth in the United States. |
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Title: tax
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