One addition should be a two-year moratorium on the 15% tax on capital gains and dividends.
Currently the tax on capital gains for people in the lower federal tax brackets is 0%.
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If a tax on capital income discourages investment, that impact compounds indefinitely into the future.
Among his latest measures is a halving of the sales tax on capital goods.
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Owner-occupiers typically pay no tax on capital gains and can deduct mortgage interest from their income-tax bills.
Tax on capital gains is scheduled to rise and become much more complex at the end of this year.
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The tax on capital gains would rise to 30% from 15%, and he would return the estate tax to 45%.
In addition, investors with higher income will be subject to a 3.8% Medicare tax on capital gains and dividend income.
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As a result, zero tax on capital income should be preferred, even by individuals who don't earn any such income.
The lower two brackets are rising from 0% tax on capital gains to 10% (8% if held longer than five years).
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This amounts to a tax on capital inflows, and the effective tax rate becomes very high if the money remains in the country only briefly.
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His own history, coupled with the recent planned abolition of Germany's tax on capital gains from share sales, suggest that he will take an aggressive line.
Any tax on capital will tend to dissuade people from accumulating the wealth in the first place, but a death duty is arguably one of the better options.
Most trusts (non-grantor trusts) pay tax on capital gains and accumulated income that stays in the trust, while the beneficiaries pay tax on income that is distributed to them.
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This onerous tax on capital is a U.S. competitive disadvantage in the global economy, which is why Congress agreed in 2003 to cut the rates on dividends and capital gains.
That includes an optional 15% flat tax, reducing the federal corporate tax rate to 12.5%, eliminating the tax on capital gains, abolishing the death tax, and immediate expensing for capital investment.
With unemployment climbing, Mr Sarkozy has launched a scheme of state subsidies to supplement low pay, paid for by an extra 1.1% tax on capital income that dismayed his own party's deputies.
Households in the 15 percent tax bracket and below will see their tax on capital gains go from zero to 10 percent and their tax on dividends will rise from zero to 15 percent.
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That, by all reckonings but Mr Cain's, would provide the rich with a whopping tax break (chiefly because tax on capital gains and dividends would be eliminated), paid for by higher taxes on everyone else.
In fact, if you are paying up to a 33% combined federal and state tax on capital gains as you may be in California, you are paying more than virtually anyone else in the world .
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And when you factor in the taxes at both the personal and business level, these charts show that France already has the highest tax on dividends in the developed world and the third-highest tax on capital.
Lasso, meanwhile, promised to be friendlier to foreign investment, lower taxes on job-creating companies and roll back elements of what Correa calls his "21st century socialism, " such as a 5 percent tax on capital removed from Ecuador.
The tax you pay on income is the price you pay for working, just as the tax on capital gains is the price you pay for taking risks that work out and the tax on profits is the price you pay for success.
Higher tax rates on capital gains would likely reduce the total tax collected since capital gains recipients have some control over if and when to realize the gain.
While taxable accounts enjoy the benefit of a lower tax rate on capital gains, the annual tax pressure may severely handicap this category, compared to the others, when it comes to investments earmarked for future retirement income.
At the same time, Clinton calls for measures that conservatives vehemently oppose, like higher individual taxes, including taxes on small-business owners, and a 12% payroll tax on high-income earners, plus tax increases on capital gains and dividends.
Buffett then reiterated his call to raise the tax rate on capital gains, which would increase the income-tax rate paid by the wealthy.
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The PVF allows the investor to receive an up-front payment (typically, 75-85% market value) in exchange for delivery of a variable amount of shares or cash in the future, at which time the capital gain is realized for tax purposes and the tax on the capital gain is paid.
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