Stop Taxing Savings and Investments

[GenSeneca]

We need to stop taxing savings and investments... Eliminating those taxes would cause an economic boom like we've never seen and wealth creation in this country would explode.

How many of you would support eliminating the Capital Gains tax?

 

[dogtowner]

all over that my good man. ditto estate taxes.

 

[Gipper]

Agreed. But, thanks to the elites our economy is based on consumption. As such, they want Americans to consume more than they can afford.

The tax code penalizes saving and investing.

I believe I read recently that the average baby boomer has less than $30k saved for retirement. Stupid poor saps.

 

[Cruella]

There are all kinds of new taxes coming 2013, not counting the expiration of the Bush tax cuts.

Here is a new one. 3.8% Surtax on Investment Income
Your investments will get the surtax over an AGI of 125k single and 250k married