[10thAmendmentGuy]

Mr. Buffett — like other ultra-rich people who get much of their income from investments — achieves that low rate thanks in part to one of the tax code’s most special favors: The 20-percentage-point gap between the top rate for ordinary income, which is 35 percent, and for capital gains, which is 15 percent.

The reason that investment gains are taxed at a lower rate is because we want to encourage people to invest in the companies that will build the economy. If we were serious about economic growth, we would cut the LTCG rate to 0%, and cut the top marginal income tax rate to 20%, while cutting a whole lot of spending.

[wac3rd]

Here! Here!

The issue is the War on Upward Mobility, which is that people earning 1099 income or W2 wages are screwed by all the Government takes.

The people who HAVE ACHIEVED are not taxed on net worth, only gains and income are taxed.

The Liberals and Socialists do not like upward mobility, it creates a company, which COMPETES with their end-all Government, which can never happen.

[okie01]

The reason that investment gains are taxed at a lower rate is because we want to encourage people to invest in the companies that will build the economy.

Moreover, money invested has already been taxed once!

In order to be invested, it first has to be earned -- as income -- and has been taxed accordingly.

That the Washington Post never so much as mentions this fact is evidence that they are either a.) stupid or b.) duplicitous.

Presumably, the members of their editorial board aren't stupid. Which leaves only one option...