tag:blogger.com,1999:blog-8301787602455775830.post3614397179281478457..comments2023-06-08T02:51:08.463-07:00Comments on ThatMansScope: Fairness in taxes, part IBlogmeisterhttp://www.blogger.com/profile/09403276569733381203noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8301787602455775830.post-83444704515657588532012-02-03T14:58:55.162-08:002012-02-03T14:58:55.162-08:00You're missing the point. I am in the 1% but ...You're missing the point. I am in the 1% but like most in that group, most of my taxable income is in the form of wages. How and where I choose to invest my after-tax surplus certainly depends on the capital gains rate. If it goes higher, will I quit my job as an investment banker? No. But I will think twice about whether I buy a second home or help a friend fund a start-up. I will invest in whatever gives me the best risk adjusted after tax return. And putting money in the stock market, housing market or new business opportunity just got a lot less attractive. I'll put more of my money into municipal bonds and MLP'sAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8301787602455775830.post-23167876428540762372012-02-02T19:45:07.281-08:002012-02-02T19:45:07.281-08:00Of course it would impact investing in this sense ...Of course it would impact investing in this sense -- if there were a sudden change in the tax. The question is, if the tax were higher -- say permanently -- would you quit investing and become a machinist or teacher -- or would you never have become an investor? I doubt it: there were plenty of investors having a great time and making lots of money when the capital gains tax was much higher. And if pure speculators (as opposed to investors) quit? I'd say mostly good riddance.Blogmeisterhttps://www.blogger.com/profile/09403276569733381203noreply@blogger.comtag:blogger.com,1999:blog-8301787602455775830.post-87472818550040593202012-02-02T13:45:31.371-08:002012-02-02T13:45:31.371-08:00Tax rates don't impact investing? I would abso...Tax rates don't impact investing? I would absolutely be less incentivized to sell stocks in my portfolio if the capital gains rate were to increase. And I would definitely sell more freely of the rate were to drop.Anonymousnoreply@blogger.com