ericynot indeed. You are trying much too hard to appear much smarter than you are. It is a simple point - don't want to pay capital gains - don't sell. Also, "common way" and "routinely" are not synonymous. One is how it is done, one is how often. You take the next few years to figure out which is which.
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...
And Ransom could use a better editor. "Common" and "routine" are about as close to synonymous as you're going to find. I'll stand by my observation.
Good night.