- China has a 20% rate.
- The European average capital gains tax is 17.9%.
The higher rate will have two effects:
- Less investment: A higher tax on the returns to investment means that fewer US investments would have a positive NPV.
- Lock-in: since the tax only triggers when assets are sold, investors would hold appreciated assets longer than they should, freezing capital in old uses instead of letting it flow to better ones.
BOTTOM LINE: Investment and the resulting growth double our standard of living every 40 years. This tax would change that.
Love is not as easy as people make it look like and in love commitment is key, commitment reveals who is true and who is not, I fell in love with the wrong one who was not committed, who did not to sacrifice for what we had, I was lied to and played on, I was seeing the signs but was not sure what it was until my sister told me about Mac and his team (macprivateinvestigators @ gmail .com) who helped expose my husband and all his secrets on how he was involved with other women, the evidence provided made the divorce case easy for me, now I feel free.
ReplyDelete