Ericynot wrote: Part of what Buffett proposed in the so-called Buffett Rule is raising the tax rate on capital gains and dividends to the level of ordinary income. Re-read my original post from 11:19 AM. You're confused and so, apparently, is John Ransom.- Obama’s Campaign about Nothing
Dear Comrade Eric,
No, I’m not confused. I think perhaps you don’t understand how tax law actually operates in real life.
Even assuming that the Buffett rule raises taxes on capital gains, there are easy ways for rich people to avoid paying capital gains taxes.
Unlike income taxes, a person can choose...