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Showing posts with the label capital gains

Left and Right Unified

Left and Right are Unified.  How's that?     You may think the Left represents Trump resistance while the Right represents a reversal of Obama policy.  But in the current tax bill, both sides, particularly those at the top, are true amigos .  You see, there is no mention whatever of the capital gains tax rate.  This is where the billionaires really clean up.  Roughly speaking, if you pay taxes of  $6 on earnings of $20, you will pay only $3 is that money arrived as capital gains.  This is how the billionaires make their big money. They might have no income – just capital gains. The billionaires of both extremes are funding their oppositional campaigns using money generated this way. Moreover, the government is indirectly funding all through tax relief the purely oppositional programs of both sides of the ideological debate.  The Kochs, Soros, Buffet, Stires, and hundreds more are included. Thank you, Uncle Sam. In the meantime, it really does help to have a tax-exempt foun