Jonathon Simister

Is the capital gains tax rate robbing Canadians blind?

With parliament crying deficit, increasing the capital gains tax rate is a possible financial salve By Jonathon Simister It’s been in the news recently that Mitt Romney’s running mate Paul Ryan wants to eliminate tax on capital gains — money people “earn” from investing the money they already have instead of actually working. Even Mitt Romney, a multi-millionaire, admits that such a plan would reduce his tax bill to near zero. Many Canadians are content in believing that such outlandish ideas would only be considered amongst libertarian true-believers in the United States, who are so out of touch with reality…

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