Saturday, April 19, 2008

Do the Math and VOTE!

Salary in the highest tax bracket is taxed at 35 percent, but profits from stocks held long enough to be called “long-term capital gains” are taxed at 15 percent. A hedge fund manager making $100 million in a year would pay $15 million to the government if he is able to take his income as capital gains, not the $35 million he would have to pay if the income was considered salary.

No comments: