We haven’t posted a video chat for a while here at OTE so I’m glad to be getting back to this feature with one of CBPP’s premiere tax experts, Chye-Ching Huang. I like the way Chye-Ching cuts through some complexities here on a topic I’ve been writing about a lot lately—the taxation of capital gains.
Check it out.
Nice video on the basics.
But, I’m particularly interested in the double-taxation arguement for lower cap gain and dividend taxes. I think I recall a post on this subject in the past but I can’t find it. Can you post a link in these comments or post a new entry on this subject.
The double-taxation argument seems pretty dubious to me. I mean — to use the example from the video — if someone invests $100, which has already been taxed, then makes $100 off that investment, it seems to me that the $100 earned has NOT been taxed, only the initial investment. I would prefer capital gains to be taxed as income, since for people like Mitt Romney, that’s exactly what it is, even if he really did nothing to ‘earn’ it.