Notice how quickly he says "purposes of fairness" then immediately jumps onto his next sentence because he knows that is a horrible answer and he doesn't want to be challenged on it.
"The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced in new ventures in obtaining capital, and thereby the strength and potential for growth of the economy."
Notice how quickly he says "purposes of fairness" then immediately jumps onto his next sentence because he knows that is a horrible answer and he doesn't want to be challenged on it.
EGarrett01 1 month ago
CGT is paid on early dispursement.
brghtsd1 3 years ago
I have sold four homes in my lifetime and yes I am working class and haven't once qualified to pay capital gains...you need to check with H&R Block.
brghtsd1 3 years ago
Are you a working class person who owns a house that you may someday want to sell?
ClassicFIHD 3 years ago
"The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced in new ventures in obtaining capital, and thereby the strength and potential for growth of the economy."
JFK '63 He knew CGT increase was a dumb idea!
Everyone w/ a 401K or pension plan pays CGT!
Over 100 MILLION Americans.
Carter2 Has No Clue!
frankclau 3 years ago
people in the working class don't pay cap gains!
brghtsd1 3 years ago