Originally Posted by
HappyJack
It kind of makes sense to have a capital gains write down for farmers/small businesses, but really John Doe that bought 1000 shares of IBM, and made $100,000 after commissions, why shouldn't all of that capital gain be taxed the same as wages? Could even be prorated, say if he held them for two full years that $50K is added to each of those 2 years taxes.
The guy that worked 16 hour days paving highways to make $100K shouldn't have to pay more income tax on that income than the investor that just bought something and sat on it, just doesn't seem equitable.