Because the money is at risk and you should be rewarded for taking the risk. If it was up to me, capital gains would be taxed at 0% for all capital gains instead of the first $80K or so. Try to stay on point, I know it is difficult for you.
Quote:
Originally Posted by jimjamuser
And WHY is "the capital gains rate typically lower"? Because the RICH lawyer-Congress-people voted to RETAIN their own richness at the expense of the middle-class and stability for the US as a country. That is WHY the US had a strong middle-class in the 40s through about 1975, but then the RICH politicians started nibbling away at the middle-class. Industrial factories move away from the Northeast to the South in order to AVOID unions, then moved to Mexico, then moved to Vietnam, and eventually China.
.......So, HUMOROUSLY, to avoid those TERRIBLE THINGS called UNIONS, we made our potential enemy, China, VERY RICH. Way to go Washington geniuses.
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