In response to:

Capital Gains Taxes

Michael3116 Wrote: Oct 03, 2012 2:31 PM
You know by the time you're done removing all the taxes common items like food such as eggs ( a carton of eggs real costs are about 2 cents the rest goes to taxes at some level of government).
ericynot Wrote: Oct 03, 2012 4:28 PM
John,

Those things are included in the link provided above.
John in Gwinnett,Ga Wrote: Oct 03, 2012 4:22 PM
did anyone forget property taxes, business regulations, feed cost, labor cost, and a host of other costs of doing business?
ericynot Wrote: Oct 03, 2012 3:47 PM
Michael,

The cost of producing a dozen eggs is around 40 cents. Taxes are a minimal expenditure.

See for yourself --
http://animalscience.ucdavis.edu/avian/UEPeconmemo302.pdf

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...

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