Fourteen Ways To Avoid Paying Capital Gains – Alaska Florida Nevada

capital gains taxThis bizarre game of paperwork adds no real value to the economy.

Most of the ‘tax advantaged’ accounts just described are further paperwork in the evening. Flipped houses do add loads of value to the neighborhood, town and economy. Now pay attention please. The capital gains tax is wrong to discourage such improvement efforts. Even when you clearly benefit by retaining more of your assets, no real economic value is gained from this complicated shuffle of assets.

In the United States, nine states add nothing to the federal top rate of 238. Actually the capital gains tax is considered very elastic, because most savvy individuals can decide the timing and percentage of capital gains they choose to realize any year.

Nonetheless individuals can certainly gain from living in a state that taxes their particular assets favorably, no national value is added by moving. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. The percentage of capital gains realized depends heavily on the favorability of the capital gains tax rate.

capital gains taxThe tax punishes entrepreneurship.

Since capital gains taxes been raised, conversely the slowing of economic growth could reduce tax revenue by more than the additional tax collected. Since capital gains taxes been raised, conversely the slowing of economic growth could reduce tax revenue by more than the additional tax collected. The tax punishes entrepreneurship. Were the capital gains tax abolished entirely, plenty of the lost tax must be regained through economic expansion and more efficient and liquid capital markets. Were the capital gains tax abolished entirely, plenty of the lost tax must be regained through economic expansion and more efficient and liquid capital markets.

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