Re:Bill Gates, Hero
by krishna2 on Wednesday September 15, 2010 @04:22PM
(#1695714)
Not more in taxes but more as a percentage of total earnings. The tax bracket was higher for the secretary whereas for Buffett it was around 18% (iirc).
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The capital gains/dividend tax breaks basically benefit the rich. Cap gains/dividend taxes should be on a marginal basis just like ordinary income.
Re:Bill Gates, Hero
by 2arrs2ells on Thursday September 16, 2010 @01:16AM
(#1696877)
The idea behind lower cap gains/dividend taxes is to incentivize investment (over consumption or savings). I'm no expert with the economics literature here, but I would worry about making changes that make it harder for businesses to access capital.
Re:Bill Gates, Hero
by loewenskind on Thursday September 16, 2010 @09:08AM
(#1697674)
You don't have to throw the dice and hope, you can go look at most of the other 1st world countries that don't have this and how they're doing. Hint: just fine.