Re: RMGD Hate Kentucky Day


"Ray" <rayblee@xxxxxxxxxxx> wrote in message
news:b33965fd-a127-4e37-b6f1-88d50eac4ca3@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On May 22, 6:54 pm, "Chunk" <chunk1...@xxxxxxxxx> wrote:
"Ray" <rayb...@xxxxxxxxxxx> wrote in message:
Yup, especially Chunk's deceptive insinuation that they'd be "taxed
double" if capital gains taxes were doubled - my calling his rhetoric
there "facile" was being charitable.

The proposed CGT tax rate will be 28% almost double the 15% it is now.

Right. But you still seem to be having trouble with the conceptual
leap that doubling capital gains tax rates WILL NOT "double taxes on
45 million households (the majority of which are middle class) that
have money invested in some sort of retirement fund."

Actually Ray, you're on to something. I don't think that 45 million
households will pay a higher tax rate. Their money will likely cash out
ahead of time or stay unproductive. The CGT will double, but that doesn't
mean that smart money will zombie walk into a meat grinder.


.

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