Question

PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
Each time you sell a stock to make a profit, you must pay tax on the money you make (the
difference between the buying and selling price). This is called capital gains tax. Do you think
capital gains tax is a good idea? Why or why not?

Answer 1

Capital gains tax is not a good idea because of inflation. A lower tax rate is a simple way to offset this unfair “inflation tax.” Capital gains taxes may seem obscure but limiting them is crucial to U.S. economic growth.