Let's Dial Down our Enthusiasm over the Billionare Giving Pledge

Re:Let's Dial Down our Enthusiasm over the Billionare Giving... by gnaritas on Friday December 17, 2010 @12:15PM (#2016854)

Yes, but dividends are basically taxed at the same rate or slightly higher 20% as capital gains; they aren't taxed as earned income using the progressive bracket system. So while they aren't technically capital gains, my point stands.

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Re:Let's Dial Down our Enthusiasm over the Billionare Giving... by lubos on Friday December 17, 2010 @12:32PM (#2016921)

In 1994 when Bill Gates started his private foundation, income from dividends was taxed like regular income.

You're right it's 15% right now but don't forget there is new tax law coming into effect pretty much in two weeks that will tax dividends again like regular income.

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Re:Let's Dial Down our Enthusiasm over the Billionare Giving... by gnaritas on Friday December 17, 2010 @01:54PM (#2017236)

I wasn't aware the new law did that, but I'm pleased to hear it. Now if only they'd do the same with capital gains.

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