Originally posted by mikemike The capital gains rate is an incentive for long term ownership of stock vs. short term trading. The dividends rate is supposed to be a nod to the argument that the money is subject to double taxation (if the corporation paying dividends actually pays taxes).
Unless the super congress comes up with something, Obama will be trotting out a new tax plan as part of his reelection platform as soon as he knows who his opponent will be.
At least you didn't pretend it creates "jobs"......
And it doesn't impact lower earners.........
Quote: Zero percent rate if your total income (including capital gain income) places you in the ten or fifteen percent tax brackets.
15% rate if your total income (including capital gain income) places you in the twenty-five percent tax bracket or higher.
Capital gains should be taxed as INCOME.. because it is INCOME for someone other than the creator of that income. Of course if you believe in reality neither needs to be taxed........
BUT if you must tax............
Same w/ dividends basically..
With a hot short term play taxes are nothing anyone worries about. Cost of making money...