#418 44 Percent? Are You Kidding Me!??

Any economist will tell you that investing is the lifeblood of a healthy economy. Businesses raise capital by selling stock. Investors risk their money to buy that stock expecting that the company will be profitable, that the value of the stock will rise and it can be sold at a profit. Anything that makes investing less profitable makes it harder for businesses to raise the money they need and hurts the overall economy.

In this edition of FAIRtax Power Radio, the FAIRtax guys look at a Newsmax article that outlines the Biden administration’s desire to slap a 44.6% tax on capital gains. Contrast that to a capital gains rate of zero under the FAIRtax and it’s easy to see which plan would be better for the economy.