The Income Tax Adds More Risk to Investments - Ridiculous

When it comes to investing, it's not how much you make that counts. It's how much you get to keep after taxes. Currently, capital gains taxes are relatively low at 20%, but that might not last long. If President Biden gets his way, capital gains taxes will nearly double. This will have a crushing effect on the economy. The FAIRtax doesn't tax capital gains at all until they are spent on the retail purchase of new goods and services. Pass the FAIRtax, and the economy will soar.