Thread by @rmead777

Understanding Trump: Capital Gains Tax Cuts Help Average Americans

As @dbongino recently discussed, @realDonaldTrump is looking to reduce the capital gains tax on investment. The Left will say this only benefits the rich - & as usual, they are incorrect (& it's not even close).

It's important to note that the proposed "tax cut" is really just an adjustment for inflation, so investors don't have to pay tax on appreciation that was merely due to inflation over time.
But for the purposes of this video, we'll refer to it as the Capital Gains "Tax cut"

1st of all, the majority (~52%) of Americans own stocks, either directly or indirectly via pensions, 401ks, & other retirement plans.

This is particularly notable considering that only 53% of Americans actually pay federal income tax.

However, unlike federal income tax, the capital gains tax affects Americans across the entire economic spectrum. The % of lower income & middle class households owning stocks has significantly increased over the past 3 decades.

Nearly 4-in-10 households that own stock are LOWER-to-MIDDLE INCOME households. 65%of all households owning stocks have a family income of less than $112,000 a year.

Conclusion:
Because capital gains tax affects Americans from every economic class, a "tax cut" to capital gains is one of the most effective policy measures that the gov. can implement to help the average American.

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