"It conclusively found that the wealthy benefitted from low tax rates on investment income, which in turn caused their wealth to grow faster.It's only money that keeps the Republicans from seeing that it is time to take on the big pockets, not ass kiss them.
Essentially, taxing capital gains as ordinary income would make the playing field more fair, and reduce over time income inequality.
Even more, such a move would serve as a deficit reduction measure..."
Read more: http://www.businessinsider.com/study-income-inequality-capital-gains-tax-rate-2013-2#ixzz2Lv8RG16l
Monday, February 25, 2013
Hey, income inequality is too in part caused by the tax code, and we can make it more fair! So says this article in Business Insider: