In response to:

Capital Gains Taxes

Charles3662 Wrote: Oct 03, 2012 8:46 AM
People sold their votes for hundreds of years. That is why many were kept from the polls and not for racial discrimination purposes. Unfortunately, today as was true 200 years ago the same racial profile will sell its votes for welfare programs. Tax shelters are designed to compensate for the greed of those who regularly sell their votes and want to take from the more productive members of society.

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...