Capital Gains Tax
So for the people who has capital gains as a part of their income, I have a question.
Would an increase in capital gains tax up to 20% from 15% deter you from investing into the market you are in?
This question is specifically for people who understand the risks as well as the strain in the trade. Feel free to offer opinions even if you don't have any interest in these kind of investments, but don't expect for me to take any speculation too seriously if you wouldn't actually be directly affected by a tax hike in capital gains.
Edit : Sorry for exposing my ignorance, but this question applies to other nations as well [I guess the numbers were specifically American]; would an increase by 5 to 10 % of your nation's current rate deter you from continuing to invest?
3 Comments • Newest first
@asdfgh3:
If you couldn't invest well when taxes were lower, why would you invest at all in the first place? :<
@bluebomber24:
You real estate jockeys are too common .
When you say that you'll withdraw from your other equities, is it because you are less comfortable with your current investments in them, or you feel that your profitability margin will lower significantly in comparison?
Real Property-wise it depends on your goals, cash flow, potential depreciation benefits, and whether you find engaging in a 1031 Exchange down the road sexy.
Stocks and etc, No, not really, if the investment is good. At worse I would talk to my accountant to see how to reduce that tax impact.
@VoidWreakzz: Sorry, yes; I mostly meant American capital gains tax. I forget that this isn't an American forum. My ignorance at times*
But I guess this question can extend to Canada or other nations as well; would you continue to invest if your capital gains were increased from 50% to 60%?