Warren Buffett on capital gains tax: The 15 percent doesn't bother me

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[Teamshmo]

Paying tax on unrealized capital gains makes no sense. You don't have the money yet

[deshwitathedge]

Wasn't he addressing the corporate tax, not capital gains tax?

[webguyz]

1. Are there actually a 1000 companies as successful as them?
2. Over what period is he talking about as well?
3.Govt overspending at 45% at state, local, and federal is the real problem!!!

[webguyz]

Gold might become the only viable investment at some point if govt and corp greed dont end.

[wcgilzn]

The key lesson here is = don't get married!

[zoraster]

I have a problem paying taxes on something that was inflated.

If I make an investment of $100k and sell it for $200k in 5 years I’m taxed on the $100k but ~$30k of that “gain” is inflation which the government has already taxed me on through inflation.

[Zordiak]

We need tax caps and a flat rate for everyone.

Taxes are ridiculous.

When you get a job you're taxed on income and they also take out social security.
Then when you go spend your money at the store they tax you again. Buy gas they tax that too.

Whatever is left over you go invest it in stocks. They tax the company on everything they do so you lose money on your investment there. Then the company does stock buybacks which deflates your portfolio making you richer and the government taxes those purchases as well. When the company pays dividends you get taxed again on that. Then when you sell your shares they tax you again.

When you go to spend your money from dividend income and stock sales they tax that too in sales tax.

When you start drawing social security and have no money because you were milked like a cow from taxes, you have to keep working.

While you're working and drawing social security, you have to pay income tax and they STILL make you pay into social security while you're drawing from it.

Finally, if you have anything left over when you die, they take 18%-40% of it when you pass it on to your kids.

And then they get up there on stage and say they don't have enough money like we're idiots.

[shoelessjoe]

If a nurse pays 22% income tax on hard work, nobody should whine about a 15% tax on capital gains.
It should be a 22% minimum for both.