@ISIDEWITHQuestionseconomyStarted 9yrs agoActive 2wks ago

Should the government increase the tax rate on profits earned from the sale of stocks, bonds, and real estate?

Capital gains are the profits earned from the the sale of stocks, bonds and properties. Investment managers pay a 15 to 20 percent capital gains tax on profits earned from their customers’ holdings. Supporters of the increase argue that capital gains should be taxed like any other income and should be raised to at least 31.5% (the average U.S. tax rate). Opponents of an increase argue that taxing capital gains will discourage investments in the U.S. economy and prohibit growth.

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Answer Overview

Response rates from 8.5k State Senate District 10 voters.

37%
Yes
63%
No
33%
Yes
56%
No
4%
Yes, and increase to the average U.S. tax rate (31.5%)
7%
No, increasing the capital gains tax will limit investment in our economy
0%
Yes, on stocks and bonds but not real estate
0%
No, and abolish capital gains taxes
0%
Yes, and all income should be taxed at the same rate

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Other Popular Answers

Unique answers from State Senate District 10 voters whose views went beyond the provided options.

 @8JCJLWV from Texas  answered…4yrs4Y

Consumption and use taxes are preferred to taxes on productive capital/savings.

 @9SGS2K2 from Kansas  answered…4mos4MO

Yes, but only after a certain amount such as $1 million. Middle class Americans who's savings are tired up in stocks via 401(k)s should have not their retirement taxed to oblivion but the ultra wealthy should pay a high capital gains tax.

  @mechanicalloser from Texas  answered…9mos9MO

We should ensure fairness, support the needs of the "least of these," and encourage the wealthy to use their resources in ways that benefit the wider community. This could involve a nuanced perspective that acknowledges the importance of supporting both the vulnerable in society and the health of the economy as a whole, perhaps suggesting that those with more resources have a greater responsibility to contribute to the welfare of all.

 @93FQRFK from Texas  answered…3yrs3Y

No and lower them and lower taxes on stock earnings

 @9B7J95Gfrom Pennsylvania  answered…2yrs2Y

Yes, but only stocks and real estate

 @935M6NN from New Hampshire  answered…3yrs3Y

Yes, and abolish the stock market.

 @9GJTNP9 from Maryland  answered…1yr1Y

Capital gains should be taxed separately from traditional income, however, it needs to be increased proportional to an individuals investment.

 @9FGHJGD from Texas  answered…1yr1Y

i do not understand this question

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 @ISIDEWITH submitted…1mo1MO

AOC’s Shocking Discovery: Trump Supporters Back Her 'Populist' Stand

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 @ISIDEWITH submitted…1mo1MO

First Lady Feud: Melania Declines Biden Meet-Up Over Privacy Invasion

Melania Trump declined an offer to head to the White House Wednesday and meet with Jill Biden, citing the Biden administration’s raid on Mar-a-Lago as part of the federal government’s investigation into classified documents.“She ain’t going,” a source familiar with Melania’s decision told The Post. “Jill Biden’s husband authorized the FBI snooping through her underwear drawer. The Bidens are disgusting,” the source said.“Jill Biden isn’t someone Melania needs to meet,” the source added.Melania’s husband, President-elect Donald Trump, will sit with President Biden in the Oval Office Wednesday for a traditional post-election meeting.Typically, the first lady hosts her successor for tea in the White House.Melania visited the White House following her husband’s 2016 election win and received a tour from then- first lady Michelle Obama.After Trump lost his re-election bid in 2020, he failed to invite the Bidens to the White House before the Democrat officially assumed office, breaking the decades-old tradition, according to reports at the time.The Post has reached out to the Trump campaign and the White House about Melania’s decision to skip the meeting.The FBI raided Donald Trump’s Mar-a-Lago residence in August 2022 in its probe of the 45th president’s withholding of classified White House documents.Melania, 54, has previously voiced her displeasure over the raid at their Palm Beach, Florida, mansion.“Yeah, it made me angry,” she said on “Fox & Friends” in a September interview, calling it an “invasion of privacy.” FBI agents scoured Melania’s wardrobe, combed through her 78-year-old husband’s office and even reportedly searched one of her son Barron’s rooms.

▲  229 replies

 @ISIDEWITH submitted…1mo1MO

Elon Musk Backs 'Judge Dredd' Gaetz for AG: "The Hammer of Justice We Need"

Elon Musk, the richest man in the world and incoming head of President-elect Donald Trump’s Department of Government Efficiency showered Trump’s nominee to serve as the next U.S. attorney general early on Tuesday morning, specifically citing his desire for vengeance as a positive.“Matt Gaetz has 3 critical assets that are needed for the AG role: a big brain, a spine of steel and an axe to grind. He is the Judge Dredd America needs to clean up a corrupt system and put powerful bad actors in prison,” wrote Musk on X at around 2:00 a.m. eastern time on Tuesday. “Gaetz will be our Hammer of Justice.In a follow-up, Musk summarily dismissed the various allegations of misconduct against him — which include statutory rape and paying women for sex.“As for these accusations against him, I consider them worth less than nothing. Under our laws, a man is considered innocent until proven guilty,” he submitted. “If AG Garland (an unprincipled douchebag) could have secured a conviction against Gaetz, he would have, but he knew he could not. Case closed.”Gaetz faces an uphill battle to confirmation due to a variety of reasons, including his limited legal experience, many enemies on Capitol Hill, and the allegations of misconduct against him.After Trump announced his intention to nominate Gaetz last week, he quickly resigned from the House of Representatives, only just preempting a vote in the House Ethics Committee on whether to release a report into allegations that he “engaged in sexual misconduct and illicit drug use, accepted improper gifts, dispensed special privileges and favors to individuals with whom he had a personal relationship, and sought to obstruct government investigations of his conduct.” Upon his resignation, the Ethics Committee lost jurisdiction over the investigation into Gaetz.

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 @ISIDEWITH submitted…4 days4D

MAGA Purge: Trump Jr. and Carlson Slam Globalists!

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▲  107 replies

 @ISIDEWITH submitted…4 days4D

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▲  217 replies

 @ISIDEWITH submitted…3 days3D

Defense Bill Blocks Transgender Care To Minors

The Senate on Wednesday gave final approval to a defense policy bill directing $895 billion toward the Pentagon and other military activities, moving over the objections of some Democrats who opposed a provision added late in the negotiations that would deny coverage for transgender health procedures for minors.The 85-to-14 vote, coming a week after a divided House passed the same measure, cleared the bill for President Biden’s signature.Most Republicans and many Democrats supported the measure, which provides a 14.5 percent pay raise to junior enlisted service members and a 4.5 percent pay raise for all other service members. It also expands access to meal assistance, housing and child care programs that benefit those in uniform.But several Democrats withheld their backing in protest of a provision preventing TRICARE, the military’s health care plan for service members, from covering “medical interventions for the treatment of gender dysphoria that could result in sterilization” for children under 18.The language, which would affect the gender-transitioning children of service members, was recently added to the measure at the insistence of Speaker Mike Johnson, Republican of Louisiana, who refused to bring a defense bill to the House floor without it, according to aides familiar with the negotiations.Twenty-one Democrats, led by Senator Tammy Baldwin of Wisconsin, proposed an amendment to strip the provision from the bill, but the matter was never brought to a vote. Several of them took to the floor on Tuesday to lodge their objections.“It’s flat-out wrong to put this provision in this bill and take away a service member’s freedom to make that decision for their families,” Ms. Baldwin said, estimating that the provision could negatively affect as many as 6,000 to 7,000 military families.

▲  199 replies2 agree