1. Do We Want the Government to Eliminate the Capital Gains Tax?
Here capital refers to money that people invest in a business, yet capital can be money invested in the stock market or capital can simply be a physical investment in a plant, factory, and the forklifts. ... Investors are rewarded with this gain for taking the risk of investing their money. ... Seventy-seven percent of all taxpayers that make 75,000 a year or less, hold capital assets; the tax cut would save these middle class tax payers hard earned dollars and encourage them to invest more. ... The majority of middle class taxpayers that claim capital assets will save their hard earned mo...
- Word Count: 786
- Approx Pages: 3
- Grade Level: Undergraduate