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Capital Gains Taxes

Dennis in NH Wrote: Oct 03, 2012 7:38 AM
I hate to burst a bubble, BUT ther was NO SURPLUS during the Clinton admin. Money was taken from the Social Security " lockbox " to balance the budget. But don't believe me, just look up the figures from the public debt. It has increased every year, regardless of whoever is supposed to be in charge. Bernie Madoff only stole tens of billions from his investors, Congress and ALL prior admin. have stolen Trillions. Bernie only was sentanced to 150 years, congress critters get re-elected. It doesn't matter if the DEMMICANS or the REPUBLICRATES are in charge. We need Romney to make a needed change, and a congress that has some sense of money.

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...