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An open letter to President Obama - Phil's Rambling Rants — LiveJournal
November 7th, 2012
02:28 pm


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An open letter to President Obama

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Date:November 11th, 2012 03:42 am (UTC)
I would be fine with genuinely long term capital gains getting favorable treatment, but the great majority of "capital gains" income these days is profit on short term trades, which should at the very least be taxed at the highest rate of any kind of income. Such as, for each full year you hold an asset you get to shield 5% of the gain (or the rate of inflation for that year) from tax.
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