Why are taxes lower for the wealthiest?

posted by
September 12, 2011
Our Future Blog
by Dave Johnson  
Posted in Commentary, PND Commentary

"Why are 'capital gains' taxes so much lower than taxes on other income? The reason capital gains taxes are lower is because most of the income of the rich is from capital gains. And the reason most of the income of the rich is from capital gains is because capital gains taxes are lower. 'Capital gains' are the gains, or profits, made from the investment of capital -- the big pools of money that a few of us have the great responsibility and burden of being stuck with. The theory is that the few among us who have bundles of money (capital) use that money to start businesses or buy stocks or property (or race horses) and thereby 'create jobs.'" [editor's note: Even free-marketeers could ask this question; why is our labor taxed more than "moving paper about" is? - SAT] (09/12/11)

http://tinyurl.com/3blj6on  

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