Quote:
Originally Posted by Sly
I think that the article is essentially trying to compare apples to apples as opposed to apples to oranges, which the argument usually revolves around.
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thats a failure. this difference in tax rates between capital gains & income is the key reason warren buffett pays the lowest tax rate in his office.
the whole impetus of a low captial gains rate is that, when the wealthy keep more of their profits, they re-invest them & grow the economy. Sounds good in theory. except the wealthy have so many options that don't produce jobs (like hedge funds, buying gold, or just keeping it in the bank.) All its done is make the rich richer...while the middle class has gone nowhere.