Food for thought:

https://docs.google.com/viewer?a=v&q=cache:hQkLWctTKqwJ:www.ctj.org/pdf/regcg.pdf+historical+US+capital+gains+tax+rates&hl=en&gl=us&pid=bl&srcid=ADGEESjg3VEjEHFQAl7_aXAviQxfYVyNmi5hlsZ61kSSwhyJNefrmomZq5ldz4VGHguE8nnz3ksKvw8PfvJyOco9DNjJOK lcGDRk9TrwtsimAqQw-ZsYGQltwkctga6EkbYoWhyCH59I&sig=AHIEtbRLVQgtbvX7iFsm1YzklTxIEK9GCA

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

So I'll add a thought. Romney's paying 15%. In the years of the robber barons, the highest rate was 77%!!!

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

I had trouble making any sense of it. It was apparent to me though that the rates now are as low as it has been for a century or so.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Economics are never as simple as following a single factor might suggest.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

Golly, if taxes were higher in the past, why obviously they should be higher now!

Brilliant!

Well I guess it's not generating much thought.

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

The idea that economic growth and low taxation are correlated with each other seems disproven by that chart. The current tax rates are just about the lowest in over a 100 yrs, the deficit is high yet nut-job Republicans rail against tax increases. It's the height of fiscal irresponsibility coming from people who call themselves fiscal conservatives but who really are just shills for increasing the wealth of the rich. A reasonable fiscal conservative might call for tax rates at the 100 yr average for instance until the budget is back under control. A serious fiscal conservative would argue for tax rates at the highest rate in the last 100 yrs until the budget is balanced. Anyone hear any calls for that?

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

Where's Reagan when you need him??

...and another Tax Equity and Fiscal Responsibility Act....

Wait... there's no way the two faces of evil which run our country could ever agree on a bill with the words "Equity" and Responsibility" in the title....

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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

1983 300SD - 305000
1984 Toyota Landcruiser - 190000
1994 GMC Jimmy - 203000

https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif

Ha!