|
I think taxing it the same as income tax would be fair. Or maybe say you can get a tax credit toward the capital gains tax equal to your income tax. What I don't want to see is people making money exclusively or primarily off of capital gains and not paying taxes.
In your example you are selling a building but selling that building doesn't create jobs as people have been arguing as a reason to eliminate caital gains tax. Also when people are saying things are double taxed isn't that true for any buisness? If I buy food at a restaurant I pay a tax on it but didn't that restaurant also pay a tax on the ingredients? Does Kinko's pay sales tax on the paper they use?
Also the argument that it stifles job creation is not clear as lots of the tax dollars go directly to job creation (grants, infrastructure, security, etc).
|