chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
This is a poll about Federal Taxes. It is not a political debate... so I did not place it in the sandbox.
What I would like to know is if you really benefit from lower capital gains taxes.
It is a complicated question. But for most of us it depends on a couple of factors... are most of you assets in tax deferred accounts that will require income tax be paid. Or are most of your assets in taxable accounts.
This is a complicated topic with many side issues.
Our assets are about 60/40 tax deferred/taxable. But even at that, we do not sell securities often... it is mainly done to rebalance.... when we retire we will sell securites as an income source. I know we will benefit to some degree in the future. But on balance... dollar for dollar of money we spend has income tax associated with it not capital gains tax.
In other words lower capital gains tax does not benefit us that much.
I have come to the conclusion that on average lower capital gains taxes mainly benefit very wealthy individuals that have large amounts of excess wealth outside of tax deferred accounts.
What I would like to know is if you really benefit from lower capital gains taxes.
It is a complicated question. But for most of us it depends on a couple of factors... are most of you assets in tax deferred accounts that will require income tax be paid. Or are most of your assets in taxable accounts.
This is a complicated topic with many side issues.
Our assets are about 60/40 tax deferred/taxable. But even at that, we do not sell securities often... it is mainly done to rebalance.... when we retire we will sell securites as an income source. I know we will benefit to some degree in the future. But on balance... dollar for dollar of money we spend has income tax associated with it not capital gains tax.
In other words lower capital gains tax does not benefit us that much.
I have come to the conclusion that on average lower capital gains taxes mainly benefit very wealthy individuals that have large amounts of excess wealth outside of tax deferred accounts.