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- Jul 16, 2009
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There is a difference between capital gain taxes and income taxes.
After paying your income taxes on money that you have earned you risk that money by investing it and if your "RISK" pays off you pay taxes on that profit (Capital gains). Capital gains SHOULD be lower because you are taking a risk and paying ANOTHER tax. If people didn't take risks investing their hard earned money our country would be in shambles!
Romney releases 2011 tax return, paid 14.1 percent | The Ticket - Yahoo! News
After paying your income taxes on money that you have earned you risk that money by investing it and if your "RISK" pays off you pay taxes on that profit (Capital gains). Capital gains SHOULD be lower because you are taking a risk and paying ANOTHER tax. If people didn't take risks investing their hard earned money our country would be in shambles!
Romney releases 2011 tax return, paid 14.1 percent | The Ticket - Yahoo! News