Index Capital Gains for Inflation, Mr. President

President Donald Trump‘s pledge to “Make America Great Again” requires nothing less than reigniting economic growth and prosperity. Wealth creation is essential. As Congress pivots to tax reform — which is crucial to the wealth creation — the president could take matters into his own hands by issuing an executive order to index capital gains for inflation.

President Trump’s absolute best economic policy so far has been his relentless rampage against onerous, burdensome, costly, prosperity-killing business regulations. And the taxation of inflationary capital gains fits right in there. It is an unfair and misguided policy that punishes risk and success. The president should use his executive authority — as he so often has to drain the swamp — to remove this prosperity-killing practice.

Consider this: You invest $1,000, and after 10 years, you sell that investment for $1,200. But if inflation averaged 2.5 percent in that period, the $1,200 you receive will be worth less in real terms than the $1,000 you invested. And…

Full story here

addd

LEAVE A REPLY

Please enter your comment!
Please enter your name here