Quote:
Originally Posted by TheMikeIsHot
Maybe at some point money in investor accounts was earned by working. But for the most part, they do this for a living, no? They move from one investment to another, or continue to earn income via the initial investment?
If that's the case, this would be considered a man's job... and similar to a salesman, he will have good months and bad months. Yet the investor pays a significant'y lower tax rate because he's making his money differently.
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He paid more tax on his investment then the salesman. To give you an example if Warren Buffetts job is to own 50% of Berkshire Hathaway and the company is being taxed at 35% which comes right off the top of his corporate earnings and in addition he pays 15% cap gains tax, how in the world is he paying less then his secretary paying at a rate of 17%?