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Capital Gains Taxes

Mike1053 Wrote: Oct 03, 2012 1:32 PM
You either don't know what a fascist is or don't know what a republican is.
wmou Wrote: Oct 03, 2012 1:38 PM
Only a liberal would believe that those who want to limit federal power are fascists and those who want to expand federal power are freedom lovers. Last I remember fascists support a strong central govt that controls most aspects of society.
Sound like OWS, doesn't it?

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...