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Colbert: Trump's Main Influencers (Fox News Anchors) Don't Like the Bipartisan Deal

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KGxvi2/13/2019 12:27:22 pm PST

Bill Gates with some smart advice on why the 70% top bracket misses the target:

“That’s ordinary income,” he noted. “These great fortunes were not made through ordinary income, so you probably have to look to the capital gains rate and the estate tax if you want to create more equity there.”

I still don’t understand why we tax most capital gains at a lower rate than regular income.