In response to:

Capital Gains Taxes

Jay Wye Wrote: Oct 03, 2012 4:03 PM
if a person is out of prison after TWO separate murders,they don't deserve to be free in the first place. that's the first thing wrong with your position,but not the only one.

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...