Thread: Tax question.... capital gains...
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Old 04-15-2008, 08:47 AM
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Quote:
Originally Posted by Hercules View Post
Right now, if you're a trader and make your living doing that, you can effectively pay almost no tax because capital gains are exempt from taxes.

But if you make $100k a year, then you get taxed 30%+ on your money.

Just curious on people's thoughts on that.
I agree. It's rediculous. They should lower income tax to 15% - like the long term capital gains tax.
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