I know it is on increased capital, but for whom? is that all it is for? Is it just when you sell something, or also when you first build it?
I mean, lets say a factory buys a new machine to add to their assymbly line:
Are they taxed capital gains then since they have more capital, or are they only taxed it if they sell that machine or that company later?
Conservatives keep saying Obama will tax companies. What transactions exactly are they refering to?
And is a windfalls profit tax one that takes all money you make above a certain amount, or it an additional percent tax on profit above 10% per year?
I mean, lets say a factory buys a new machine to add to their assymbly line:
Are they taxed capital gains then since they have more capital, or are they only taxed it if they sell that machine or that company later?
Conservatives keep saying Obama will tax companies. What transactions exactly are they refering to?
And is a windfalls profit tax one that takes all money you make above a certain amount, or it an additional percent tax on profit above 10% per year?