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Capital Gains Taxes

19Kilo Wrote: Oct 03, 2012 3:52 AM
Familiarize yourself with the "War Powers Act". Once you have done this you will either realize that you don't know what you are talking about and you will have made progress, or you won't; in which case you'll still be an ignorant tool spouting off like an idiot. Where were you in 1986? That attack was in response to Qaddafi's attack on the La Belle Disco in W. Berlin. Two American soldiers were killed in that attack if I recall correctly. Qaddafi was a sponsor of terrorism at that time. Reagan made Qaddafi pull back a bit and reconsider his position in the world and how tenuous his life was. Viva Reagan!

One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate.

How are capital gains different from ordinary income?

Ordinary income is usually guaranteed. If you work a certain amount of time, you are legally entitled to the pay that you were offered when you took the job. Capital gains involve risk. They are not guaranteed. You can invest your money and lose it all. Moreover, the year...