Thread: Economics The Fiscal Cliff Approacheth
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Old 12-05-2012, 12:51 PM   #459
petegz28 petegz28 is offline
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Quote:
Originally Posted by Direckshun View Post
Financial Times reporting that tax increases on capital gains are on the table.
FTR, I have long been in favor of raising capital gains taxes but not for revenue growth. When Bush cut the CG tax we saw additional volatility in the markets. A higher tax on CG's encourages longer holding periods of investments, imo, and helps smooth out some of the volatile trading.
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