BlindBoo
Diamond Member
- Sep 28, 2010
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Long term capital gain should be taxed at the same rate labor income is taxed.
Why?
Because income is income.
That does not answer the question or justify as to why capital gains invested with labor income that has already been taxed should be taxed again at the same rate. The incentive to invest becomes severely diminished when the risk + capital gains taxed at same income tax rate.
Why does holding on to an asset for more that a year qualify that income for a lower tax rate than a citizens hourly wage or salary for that year? I've had that 401K for decades but if I take a withdrawal I still pay todays tax rate.