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Capital Gains Taxes

DB07 Wrote: Oct 03, 2012 11:10 AM
Who is proposing that jack? Or are you making it up?
DB07 Wrote: Oct 03, 2012 12:00 PM
Oh! So Paul Ryan is "the Republicans"? Really??
Jack2894 Wrote: Oct 03, 2012 11:55 AM
WHo is proposing that? Paul Ryan for one: it's in the Ryan Plan.

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...