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Washington's capital gains tax collects $850 million, over three times the estimates (www.king5.com)

submitted 1 year ago by MrPhibb@reddthat.com to c/usa@lemmy.ml

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[–] Corkyskog@sh.itjust.works 2 points 1 year ago (1 children)

6 months is nothing though, just two quarters. It still incentivizes CEOs to make short term decisions. 5 years is a decent time frame that I think would make CEOs rethink the quarterly mentality.

[–] WetBeardHairs@lemmy.ml 2 points 1 year ago

Yeah, I dislike the simplification that brings it down to just two sets of brackets. It really just needs to be an easily tuneable continuous function of profits and time. If you make a fuckton of profit, you'll pay a fuckton of tax. If you wait longer, you pay less tax. If the profit is small enough, guess what? No tax. So the middle class day traders wont lose their ass and they can have some fun. But the whales are going to have to fear Captain Tax Man Ahab, regardless of if they wait 6 months or not.

But I dont make the laws. Wallstreet does.