In response to:

Capital Gains Taxes

DB07 Wrote: Oct 03, 2012 10:30 AM
Yes, it's fair that he pays 15%. It's not gambling; no matter how hard you try, you cannot MAKE the roulette wheel hit red 17.
DB07 Wrote: Oct 03, 2012 11:11 AM
Because you assert that it is eric?
ericynot Wrote: Oct 03, 2012 10:57 AM
DB,

Apparently you've never started a company. It most assuredly IS gambling.
DB07 Wrote: Oct 03, 2012 10:53 AM
Poker is gambling mainly if one isn't very good at it! :)
Horribilus Wrote: Oct 03, 2012 10:48 AM
No but I can beat in most forms of poker consistently.

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...