Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
GET INVOLVED
ATR ON TWITTER
FOLLOW US-
Jim Pendergraph Supports $2 Trillion Tax Hike http://t.co/LF6ieJuZ
May 22, 2012 06:18 PM
taxreformer -
Maryland Governor Martin O’Malley: Barack Obama, Jr. http://t.co/lzrcRtSj
May 22, 2012 03:33 PM
taxreformer -
EPA's War on Fossil Fuels http://t.co/gzORlViU
May 22, 2012 02:18 PM
taxreformer -
Less Waste, More Transparency in Government Broadband Loans http://t.co/RrWuq3O3
May 22, 2012 01:03 PM
taxreformer -
Check out @Union_Facts’ new #Crony2012 campaign exposing President Obama’s corrupt relationship with Big Labor http://t.co/5aDnKJUQ
May 22, 2012 12:41 PM
taxreformer -
Tom Cross's Hope for Change to Obamacare http://t.co/Isu5I7kK
May 22, 2012 11:33 AM
taxreformer -
RT @ChrisPrandoni: My new column exposing Obama's plan to kill coal via @townhallcom http://t.co/2fEqWUdU via
May 22, 2012 11:21 AM
ChrisPrandoni -
Blog: Tom Cross's hope for change to Obamacare - http://t.co/g6OFzp73 #atr ^
May 22, 2012 10:41 AM
joshuaculling -
ATR Urges North Carolina Legislators to Reject Anti-Free Enterprise Protectionism http://t.co/RIg4ejSB
May 22, 2012 10:17 AM
taxreformer -
ATR Releases 2012 List of State Taxpayer Protection Pledge Signers for May 22 Primaries http://t.co/maSodrTt
May 21, 2012 01:18 PM
taxreformer
Email
Print
The End of the Capital Gains Tax...In Russia
President Obama is poised to allow the Bush tax cuts to expire at the end of this year and see the capital gains tax on long term investments spike from 15 to 20 percent. Meanwhile the BBC is reporting that Russia has decided to drop their 20 percent tax on capital gains from long term investments. Accompanied with a 13 percent flat tax, the former Soviet Union has prepped itself for a better long term business climate than that of the United States.
In order to pay for the slew of new entitlement programs, President Obama believes that more taxes will be able to cover more programs. Unfortunately history sides against him. In each instance when the capital gains tax dropped, revenue from the tax increased. In the 1980s when the tax increased, revenue from the tax dropped. It will be interesting to see the change between the US and Russian economies over the course of the next few years. Beginning in 2011 increased capital gains taxes take effect throughout the US and the abandonment of the tax will permeate Russia. President Medvedev has been quoted saying that he is looking to “modernize” the Russian economy. Meanwhile President Obama is relishing any chance to shoot the American economy back to the time of Jimmy Carter.
