Quote:
Originally Posted by Gogar
In one respect I agree with you, Shawn, but you've got it backwards. Personal income tax rates are too high, and should be lowered across the board to equal the capital gains rate.
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Flat tax without deductions of any kind would level the playing field. Also, some type of tax on inflation indexed unrealized capital gains would capture the likes of Buffett and his cronies and probably reduce stock market and real estate volatility.