So the Republicans want to cut the capital gains tax some more. They want to index things for inflation. For example, if the CPI has increased 10 percent since they bought the property, and they made a profit of 25 percent, then they only want to pay tax on 15 percent gain. They say, investors shouldn’t have to pay tax on inflation.
But they don’t have a problem keeping the whole 25 percent capital gain, which was all from inflation. That is the definition of inflation. All capital gains are unearned. We’re not talking about earnings or profits from doing something useful — those are taxed at normal rates.
Taxes on capital gains should be higher than taxes on earned income, not lower. In my opinion, investors shouldn’t even be allowed to take any gains or profits from residential property.
Todd Boyle
Eugene
A Note From the Publisher
Dear Readers,
The last two years have been some of the hardest in Eugene Weekly’s 43 years. There were moments when keeping the paper alive felt uncertain. And yet, here we are — still publishing, still investigating, still showing up every week.
That’s because of you!
Not just because of financial support (though that matters enormously), but because of the emails, notes, conversations, encouragement and ideas you shared along the way. You reminded us why this paper exists and who it’s for.
Listening to readers has always been at the heart of Eugene Weekly. This year, that meant launching our popular weekly Activist Alert column, after many of you told us there was no single, reliable place to find information about rallies, meetings and ways to get involved. You asked. We responded.
We’ve also continued to deepen the coverage that sets Eugene Weekly apart, including our in-depth reporting on local real estate development through Bricks & Mortar — digging into what’s being built, who’s behind it and how those decisions shape our community.
And, of course, we’ve continued to bring you the stories and features many of you depend on: investigations and local government reporting, arts and culture coverage, sudoku and crossword puzzles, Savage Love, and our extensive community events calendar. We feature award-winning stories by University of Oregon student reporters getting real world journalism experience. All free. In print and online.
None of this happens by accident. It happens because readers step up and say: this matters.
As we head into a new year, please consider supporting Eugene Weekly if you’re able. Every dollar helps keep us digging, questioning, celebrating — and yes, occasionally annoying exactly the right people. We consider that a public service.
Thank you for standing with us!
Publisher
Eugene Weekly
P.S. If you’d like to talk about supporting EW, I’d love to hear from you!
jody@eugeneweekly.com
(541) 484-0519
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