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<blockquote data-quote="UPS Lifer" data-source="post: 1031763" data-attributes="member: 9789"><p>Honestly, I think it would be worse if Capital Gains goes up a lot. People forget that Capital Gains is profit that you already paid income taxes on the investment that you are getting taxed 15% on now. Similar to inheritance tax. Your inheritance is what is left over from what your parents or who ever was already taxed and now you are paying a tax on top of already taxed property. </p><p></p><p>Even with this new 3.8% tax on Obamacare, people will cash out of profits just enough to stay under the threshhold of the tax... This means very little re-investment in businesses meaning no continued growth.</p><p></p><p>My guess is that you will see a lot of overseas type investments with off shore accounts if CG goes up a lot also.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 1031763, member: 9789"] Honestly, I think it would be worse if Capital Gains goes up a lot. People forget that Capital Gains is profit that you already paid income taxes on the investment that you are getting taxed 15% on now. Similar to inheritance tax. Your inheritance is what is left over from what your parents or who ever was already taxed and now you are paying a tax on top of already taxed property. Even with this new 3.8% tax on Obamacare, people will cash out of profits just enough to stay under the threshhold of the tax... This means very little re-investment in businesses meaning no continued growth. My guess is that you will see a lot of overseas type investments with off shore accounts if CG goes up a lot also. [/QUOTE]
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