Quote:
Originally Posted by zimmy
Nothing wrong either with questioning a tax system that taxes income from working at a higher rate than income from investments.
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I agree, however the reasoning in this case is sound.
As you prolly know, dollars, already taxed at income levels, are invested in stock that gives capital to companies to hopefully expand and hire more employees.
The lower tax rate on possible gains is an incentive to invest.
Govt. does pretty good, double taxation with the 15% after the investor takes all the risks.