Capital Gains: Republicans Planning ANOTHER Tax Cut For Rich
If you're reading this, a capital gains tax probably won't help you in any way. Cenk Uygur and John Iadarola, hosts of The Young Turks, discuss. http://www.tytnetwork.com/join Tell us...
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CONSERVATIVES ARE PUSHING FOR A CHANGE TO THE TAX CODE AND YOU WILL BE SHOCKED TO FIND OUT WHO IT BENEFITS. IT HAS TO DO WITH THE CAPITAL GAINS TAX WHICH IS A TAX LEVIED ON THE PROFIT OF SALES FROM PROPERTY OR AN INVESTMENT. THERE ARE SOME INTERESTING THINGS ABOUT CAPITAL GAINS TAXES VERSUS RAIDER TAXES -- >>WHICH I DON'T THINK A LOT OF PEOPLE REMEMBER, CONVENIENTLY -- >> >>I MEAN, YOU'RE TALKING ABOUT A SIGNIFICANTLY LOWER TAX RATE THAN INCOME TAX, EVEN IF IN EFFECT THAT'S WHERE YOUR INCOME IS COMING FROM, WHICH FOR MANY RICH PEOPLE IS WHAT IT IS, BUT THEY DON'T LIKE A CERTAIN THING ABOUT CAPITAL GAINS AND IT HAS TO DO WITH INFLATION. SO -- >> >>WHICH, I MEAN, THAT SELLS COMPLICATED BUT IN EFFECT IT WOULD SIG...
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CONSERVATIVES ARE PUSHING FOR A CHANGE TO THE TAX CODE AND YOU WILL BE SHOCKED TO FIND OUT WHO IT BENEFITS. IT HAS TO DO WITH THE CAPITAL GAINS TAX WHICH IS A TAX LEVIED ON THE PROFIT OF SALES FROM PROPERTY OR AN INVESTMENT. THERE ARE SOME INTERESTING THINGS ABOUT CAPITAL GAINS TAXES VERSUS RAIDER TAXES -- >>WHICH I DON'T THINK A LOT OF PEOPLE REMEMBER, CONVENIENTLY -- >> >>I MEAN, YOU'RE TALKING ABOUT A SIGNIFICANTLY LOWER TAX RATE THAN INCOME TAX, EVEN IF IN EFFECT THAT'S WHERE YOUR INCOME IS COMING FROM, WHICH FOR MANY RICH PEOPLE IS WHAT IT IS, BUT THEY DON'T LIKE A CERTAIN THING ABOUT CAPITAL GAINS AND IT HAS TO DO WITH INFLATION. SO -- >> >>WHICH, I MEAN, THAT SELLS COMPLICATED BUT IN EFFECT IT WOULD SIG...
