In response to:

Capital Gains Taxes

Tincan844 Wrote: Oct 03, 2012 2:02 PM
Since to get the money we invest we had to work and pay taxes on it, capital gains should not be taxed at all and it would not be taxed if the government was not a den of thieves.
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 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
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 4:28 PM
John,

Those things are included in the link provided above.

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...