Overnight Open Thread

drcordell2/18/2010 8:49:21 am PST

re: #599 sattv4u2

AND ,, here we go again

From your link

“Notice that two-thirds of their 2007 income was in capital gains

Capital Gains is not taxed at the same rate as staright “income” (i.e, “paychecks”)

Yeah, I understand this. Why does that matter? Why should that form of income be taxed any differently than mine? Hell, I even work in the financial services industry like nearly all of the top earners. But because my employer can’t describe my income as “capital gains” that means I should get taxed nearly 2x as much on my income?