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Capital Gains Taxes

NoDemocratMathAllowed Wrote: Oct 03, 2012 4:40 PM
Are you an idiot or do you just play one on Townhall? The woman explained that while the Obamist said much, he provided no useful information. When confronted with the facts, the Obamist claimed an untruth and to be a victim. How very Fluke of you.

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...